With revenues in excess of Euro 50 million and two plants in Perugia, Italy, IPI operates in two areas: on one hand, it produces aseptic filling machines and opening and reclosing fitments for packages, on the other hand, it produces high performance multi-layer carton packaging material combining polyethylene, paper and aluminum foils, suitable for the aseptic filling of milk, juices and sauces.
Pierluigi Locchi, CEO of IPI, will continue to serve the newly acquired company, supporting the transition of IPI into the Coesia Group and contributing with his long experience to the future success of the business.
“The acquisition of IPI is a further step for Coesia in strengthening its presence in the Consumer Goods packaging industry. IPI is one of less than a handful of companies globally that operates in the highly demanding and fast growing sector of aseptic carton packaging for liquids. We are confident that Coesia’s global network, combined with our engineering capabilities, will provide IPI with an excellent growth platform. This acquisition strategically commits Coesia and its significant competences and resources to serving the specific IPI sector Customers for the long term,” said Angelos Papadimitriou, CEO of Coesia Group.
“With great pride I have seen IPI grow from nothing to today’s successful integrated global player in a very demanding business, but after more than 40 years in the company I felt that my moral duty was to find a way for the company to look beyond myself. With IPI’s entrance in Coesia we have found the truly ideal solution. Coesia’s technology, global presence, long term view, highly professional management team and ambition will take IPI to the next level,” said Pierluigi Locchi, CEO of IPI.
Coesia’s companies are leaders in the sectors of Advanced Automated Machinery, Industrial Process Solutions (production logistics, inline printing and vision inspection systems) and Precision Gears. Coesia’s customers are leading players in a broad range of industries, including Consumer Goods, Tobacco, Healthcare, Aerospace, Racing & Automotive and Electronics.
