Piovan buys South Korean powder equipment firm

Italian auxiliary equipment firm Piovan Group has finalised the acquisition of ToBaPNC, a South Korean company involved in the automation of industrial processes for plastics and in particular in those for the transport of plastic powders.

Filippo Zuppichin, CEO of Piovan Group said, “This is an operation that allows us to expand our international presence and to enter significantly into a strategic market such as South Korea and to have access to world leading companies in electronics and automotive technologies. Furthermore, this acquisition strengthens our expertise in the industry of powders processing which represents a significant area of growth for us”.

ToBaPNC says it has managed projects in different countries, from South Korea to the US and from Vietnam to China, thanks to strong relationships and partnerships with some of the main South Korean industrial groups.

Terms were not disclosed for both respective acquisitions above.