Ima acquires 60% stake in Eurosicma

On 28 June Ima signed an agreement to acquire a 60% shareholding in Eurosicma, the Milan-based manufacturer of automatic machinery and horizontal flowpack and fold packaging plants for the food, cosmetics and pharmaceuticals industries. IMA will pay approximately €26 million at closing, scheduled for 30 September 2017, and will write Put & Call option contracts for the remaining 40% to be exercised by April 2027.

Founded in 1965, Eurosicma has an estimated positive net financial position of approximately €7 million and is expected to post a turnover of around €27 million and EBITDA of €4.5 million in 2017.

Alberto Vacchi, Chairman and CEO of IMA, commented: “This strategic transaction will strengthen our Group’s leadership in the flowpack and fold automatic machinery sector by expanding our current product range and creating significant manufacturing and commercial opportunities with other Group companies. Through this operation IMA is continuing its process of promoting market leading brands and further strengthening its industrial presence in Italy.” 

Founded in 1961, IMA is a world leading designer and manufacturer of automatic machinery for the processing and packaging of pharmaceuticals, cosmetics, food, tea and coffee. The Group has more than 5,200 employees, including 2,600 outside Italy, as well as 39 production facilities in Italy, Germany, France, Switzerland, Spain, UK, USA, India, Malaysia, China and Argentina.