On Thursday 10 November, Valvitalia signed a contract for the acquisition of 100% of Nuova Giungas, manufacturer of monolithic isolation joints intended for pipelines.
Nuova Giungas, founded in 1965 and headquartered in Formigine (Modena), employs 36 people spread over two manufacturing plants and, in 2015, achieved a turnover of almost €7 million. The Company is very well known in the sector due to its involvement in numerous important and challenging projects all over the world.
This acquisition, which follows the recent great investment for the new fire fighting testing area in Castelsangiovanni, allows Valvitalia Group to enlarge once again its already extensive product portfolio and to be recognised, more and more, for the ‘one stop shop’ of the oil ad gas market.
This represents a further step for the ongoing growth and consolidation of the Group.
Read the article online at: https://www.worldpipelines.com/contracts-and-tenders/11112016/valvitalia-acquires-100-of-nuova-giungas/