Tag Archives: investment

Equipment, Food, Food & Beverage, Food Processing, Fruits & Veggies

Fruit processing machines and systems manufacturer ABL, S.p.A. acquired by Gulftech of Denver, CO

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MODENA, Italy, 15-Jul-2019 — /EPR FOOD & BEVERAGE NEWS/ — Gulftech International, Inc. (“Gulftech”) based in Denver, Colorado, USA, announced today that it has completed the acquisition of ABL S.p.A. (“ABL” or the “Company”). The Gulftech family of companies are the world’s recognized leaders in the engineering, manufacture, lease, sale and service of industrial equipment and components serving many of the world’s most important food production and processing companies. ABL, headquartered in Cavezzo, Modena, Italy, is a global leader in the design, manufacture and servicing of fruit processing equipment.

Founded in 1978, by Carlo Ascari and with a minority participation of the private equity fund NEIP III (ITAGO), the Company has earned an outstanding reputation as a market leader in the fresh cut produce market. Committed to innovation and dedicated to customer relationships, ABL has a long history of providing high quality machinery with extraordinary customer service.

“ABL’s award-winning innovative designs, outstanding product quality and reputation as a family owned and operated business in the fruit processing industry made them a very attractive integration for Gulftech,” said Steven Ferrell, CEO of Gulftech. “The investment in ABL represents an important expansion of Gulftech’s capabilities, significantly growing our presence in the fresh cut market segment. We could not be more excited to partner with Carlo, Daniela, Luca and the entire ABL organization. Together, we will provide customers a broader portfolio of products and services, and deeper engineering capabilities for future product development.”

“Being a family-owned business, partnered with their extensive experience in the development, manufacture and service of food processing equipment, Gulftech is a perfect partner for ABL, my family, our management team, our employees and our customers,” said Carlo Ascari, Founder of ABL. “We are proud of what we have built over the last 40 years and are excited to be a part of Gulftech and its family of companies.”

The Ascari family and NEIP III (ITAGO) have been assisted by Corus Corporate Finance S.p.A. as financial advisor and Pavia & Ansaldo as legal advisor, while Gulftech has been advised by Jones Day and Deloitte.

Additional information on ABL can be found on its website at https://www.abl-fruit-machinery.com while further information on Gulftech and its family of companies can be found on its website at https://www.gulftech.com.

SOURCE: EuropaWire

Beverage, Beverages, Coffee, Food & Beverage, Packaging, Solutions

Simply Innovative Products, Inc. Receives First Samples off Production Mold

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Cheyenne, Wyoming, 2017-Oct-25 — /EPR FOOD & BEVERAGE NEWS/ — Simply Innovative Products, Inc. (OTCPink: SMPI) has received first samples off production mold of the disposable beverage lid from the company’s subsidiary Simply Lids.

The first samples were produced from the company’s newest supplier of high-tech thin walled injection molding. These samples reflex the final design of the injection lid that will change the food & beverage industry for a long, long, time. Final adjustments and operational parameters are being calculated from the first samples and used to establish standards for future equipment and production.

Simply Innovative Products, Inc. President John Newman stated “After four years of developing and refining the simply lid, we were finally able to get a mold maker that was capable of making the ultimate design which matches our original vision without compromise. This design will set the standard of disposable lids for years to come. ”

About Us:
Simply Innovative Products, Inc. is a development company specializing in plastic products in various markets. BugoutTM Pet Products is the company’s latest acquisition, poised to make an impact in the multi-million-dollar pet industry.

Simply Lids is an award-winning company whose specialty is disposable beverage lids in the food services industry. Simply Lids’ patented technologies provide a safer, more enjoyable drinking experience, without splashing or spills, and has the added benefit of unique marketing opportunities, never before realized in this industry sector. Simply Lids plans on being the leader in this multi-billion-dollar sector through the application of its unique technology and innovation. For more information, please visit our website at www.simplyinnovativeproducts.com.

Forward-Looking Statements:
This news release contains “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. When used in this release, words such as “estimate,” “expect,” “anticipate,” “projected,” “planned,” forecasted” and similar expressions are intended to identify forward-looking statements, which are, by their very nature, not guarantees of Simply Innovative Product Inc.’s future operational or financial performance, and are subject to risks and uncertainties. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Due to the risks and uncertainties, actual events may differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:
Mr. John Newman, President
Tel: 702-720-6757
www.simplyinnovativeproducts.com

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