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Milan, 18 July 2019 - IPCO Italy S.r.l. has purchased 100% of Extruworks S.r.l. of Gerenzago (Province of Varese).

IPCO Italy S.r.l. is part of Swedish IPCO Group, the former Process Systems division of Sandvik AB. This division was purchased in 2017 by FAM AB, an asset management company of the Wallenberg Group. IPCO provides its customers with steel belt-based process solutions and related products and services. Extruworks is specialising in the development, production and distribution of extruders.

Pavia e Ansaldo assisted IPCO in all legal issues connected with the transaction. The firm had previously been assisting FAM in the Italian part of the acquisition of the Process Systems division from Sandvik. Pavia e Ansaldo acted with a team led by partner Sven von Mensenkampff with Elena Biancotto (both Corporate/M&A). Transaction advisory was performed by Christer Wiberg of Alvarez & Marsal of Stockholm.