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Massimiliano Bianchi, President and Managing Director of Fosber Group, has confirmed that the company has recently signed an agreement with Vimercate, Italy based BP Agnati srl to acquire 60% of the shares in the business. Terms of the agreement have not been disclosed.
Tracing its roots back to the 1930s, Agnati has pioneered many significant developments in the design and manufacture of corrugating lines. The company has machines installed on every continent in the world. Up until 2009, Agnati was a family owned company; it was then acquired by the Brivio Pierino Group, at which time it changed name to BP Agnati srl. The company employs 105 people and generated €40 million in 2019. READ MORE
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