IPEG

In the first quarter of 2022 Piovan Group reported revenue and other income of 108 million euros, increasing by 66.6% from 64.8 million euros in the first quarter of 2021. This is what emerges from the financial periodic information approved in recent days by the company board of directors. On a like-for-like consolidation basis...

In accordance with the agreement signed on December 13, 2021, Piovan has completed its acquisition of IPEG by virtue of the merger by incorporation of Sewickley Capital, the owner of 100% of IPEG, into a newly formed Delaware corporation wholly owned by Piovan...

100% of the shares of the US Ipeg Group, comprised of the four brands Conair, Thermalcare, Pelletron and Tepublic Machine, has been acquired by Piovan. The combined group will have a workforce of more than 1,800 employees, will operate 14 facilities worldwide, and would have generated pro-forma sales of over 450 million euros...