GEA extends portfolio with extrusion and milling technology
GEA has concluded the acquisition of the Pavan Group, headquartered in Galliera Veneta near Padua, Italy, which was signed in September 2017.
With the acquisition of Pavan, GEA has added to its group a leading supplier of extrusion and milling technology for processing various types of fresh and dried pasta, pelleted snack products and breakfast cereals.
The Pavan Group operates in the food industry as a global supplier of industrial solutions, from the handling of raw materials to the final packaging. It offers a range of solutions for the production of: long and short-cut dry pasta, nest shaped, pre-cooked pasta, couscous, as well as machineries for filled, flat, and extruded fresh pasta, convenience food and gnocchi. The company also provide dies, cutting systems, die washing equipment and packaging lines.
The Pavan Group benefits from the merger of the structures of the large corporation. In conjunction with GEA and its extensive sales and service network, new markets are opening up around the world. As a result, GEA offers increased growth opportunities as a globally established system provider for the food processing industry.
Jürg Oleas, CEO of GEA, says, “With its extrusion know-how the Pavan Group builds an attractive platform for us to extend the technology portfolio. In strategic terms, therefore, the company is an excellent match for us and will help to promote growth at GEA going forward.
“In the coming weeks, an experienced GEA team will closely cooperate with their Pavan colleagues on site to ensure that both the local management and the employees feel part of the GEA family as soon as possible.”
The Pavan group employs a staff of around 680 at several production sites in Italy and China. In the 2016 financial year, Pavan generated revenue of around €155 million. GEA has acquired several companies in Northern Italy over the past few years, including Comas and Imaforni. This means that there are already a number of GEA locations in the region, which further encourages integration into the GEA family.