Formenti & Giovenzana expands with the acquisition of Compagnucci High Tech
Formenti&Giovenzana SpA has completed an important transaction. The acquisition of Compagnucci High Tech, Marches company specialized in the production of furniture accessories: inedited and patented solutions realized for the use and organisation of functional space in the kitchen cabinets. An ambitious target for the Brianza-based company, an industrial acquisition all made in Italy that will guarantee, thanks to the strong synergy between the parties, continuity to Compagnucci High Tech and wide expanding margins to Formenti&Giovenzana SpA.
Strongly of meaningful competences, knowledge in the sector and a prestigious position in the market, Compagnucci High tech is able to offer modern and intelligent solutions with aesthetical and high technology content in order to optimize efficiently the internal space of the kitchen cabinets. Solutions that will integrate and perfectly complete the range of FGV products. On the other hand, the experience and the organization of an international player like Formenti&Giovenzana SpA, will guarantee to the Marchigiana company skills support and resources in order to continue the growth strategy in the market getting itself ready to become one of the world-wide leaders.
Compagnucci High Tech has a history of over 40 years. An industrial reality located on 13.000 sq.m with 76 employees, that will be integrated in the Formenti&Giovenzana SpA galaxy: 7 production plants with an area of over 213. 000 sq.m and 1030 employees. With this operation Formenti&Giovenzana SpA continues its’ growth and confirms the great interest in developing integrated business that is reinforced from the synergy and cooperation from the parties of an organized group, creating high added value for the company and a competitive advantage on the market.