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Pavan Acquires the GBS Group

The Pavan Group, a 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 Golfetto, Sangati and Berga, specialists in the flour milling market and in grain storage and handling terminals.
 
This 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, with the headquarters moving to Quinto di Treviso. An investment plan will be implemented to expand the existing production sites in Manfredonia, Italy and in Beijing, P.R.C.

The Pavan takeover means the GBS Group is no longer in administrative receivership, a satisfying result for everyone – Pavan, Trade Unions, and the Ministry for Economical and Industrial Development – all confident that this move will allow Golfetto Sangati to continue production and supply the current work orders being processed and - in the short term - to overcome the current financial setbacks.

“Over the last few years we have been implementing a business consolidation and expansion plan and Pavan, with this move, will now be in the position to offer and provide our customers with a broader range of solutions and services, equipment, and systems to complete and integrate food processing lines with cereal and flour milling systems,” said Andrea Cavagnis, CEO of Pavan.
 
Located in Galliera Veneta, Italy, the Pavan Group serves the food processing industry with technologically advanced automatic plants and systems for processing dry and fresh pasta, snacks, breakfast cereals, readymade meals, and frozen food products. Annual sales revenues amount to 90M Euros and exports (120 countries worldwide) account for 95% of total sales. Pavan has a 35% market share in the pasta processing machinery market and serves the biggest names in the food processing industry: Barilla, Nestlé, Kellogg's, Kraft, PepsiCo, Conagra, Procter & Gamble, and Molinos Rio de la Plata.

“With Golfetto Sangati in our group, we’ll be in the position to consolidate our leadership in Italy and abroad and, unlike the competition, we will be presenting the market with complete production lines spanning from flour milling right up to product packaging all through just one supplier, Pavan,” said Cavagnis. “By combining the expert and specialist know-how of both groups we will be offering our customers and markets innovative applications in the milling and food processing industries.”

For more information, visit www.pavan.com.

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