Ardian has completed the sale of Italian equipment supplier Corob Group to US-based industrial company Graco Inc. Corob, established in 1984 and headquartered in San Felice sul Panaro, Italy, specializes in the manufacturing of dispensing, dosing, and mixing equipment.
This transaction marks Ardian's exit from Corob, a company it has been involved with for several years. The acquisition by Graco Inc. is expected to enhance the US company's product offerings and market reach in the industrial equipment sector.
The sale underscores Ardian's strategy of investing in and then divesting from companies to generate returns for its investors. The financial details of the transaction were not disclosed.
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