Valvitalia acquires Nuova Giungas

Valvitalia has signed the 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 2 manufacturing plants and, in 2015, achieved a turnover of almost EUR 7M.
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 for the oil & gas market.
Valvitalia, founded in 2002 by Mr. Salvatore Ruggeri and his sons Max and Luca, majority shareholders through the family Holding Company Finvalv and at the head of the Group, and invested by Fondo Strategico Italiano, now CDP Equity, is the italian company producing flow control equipment, systems for the energy industry and firefighting systems.
Valvitalia Group employs 1400 people spread over 12 manufacturing plants (9 of which are in Italy) and 8 representative offices worldwide. In 2015, Valvitalia Group has generated revenues for EUR 455M, exporting its products in 107 countries worldwide.