IPH Group announces its entry into ITALY via a joint-venture with the MINETTI Group

Resource from: IPH via Globenewswire Likes:228

Mar 19,2015

IPH Group, one of the leaders in European industrial supply, is taking the next step in the development of its European business by acquiring 50% of the MINETTI Group, a leader of Industrial Distribution in Italy. Over the past 10 years, IPH has led the consolidation of the sector by attracting and acquiring a number of strong European players. Today IPH Group is present in particular in Germany via the brand ZITEC, in France via its subsidiary OREXAD, in the Netherlands via the brand BIESHEUVEL TECHNIEK. The Group is now pursuing its development in Italy, gaining access to the second biggest market in Europe. MINETTI was created in 1951 and has a consolidated turnover close to 130 M

(IPH via Globenewswire)

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