February 23, 2010

Pavan takes over GBS Group

The Pavan Group has taken over GBS Group, an acquisition that will expand Pavan's activities and enable it to provide a broad range of technology and equipment.

The Pavan Group, leading manufacturer of plants and systems serving the food processing industry, has successfully closed the acquisition negotiations and is now owner of the GBS Group.

This group of companies was founded by the merger, back in 2000, of three important specialists in the flour milling market and in grain storage and handling terminals.

The new Pavan business venture, registered under the name Golfetto Sangati Spa, will offer equipment and systems for flour milling and animal feed industries as well as extending its business across a number of applications for grain storage and handling terminals satisfying requirements relating to in-loading and out-loading of bulk products by ship.

Another important new business branch will be plants and systems for producing biofuels.

The product lines will be marketed under the three original names serving world industries Quality Italian Engineering in the cereal milling market. Headquarters will move to Quinto di Treviso.

An investment plan will be implemented to expand the existing production sites in Manfredonia, Italy and in Beijing, China.