PIOVAN GROUP COMPLETES THE ACQUISITION IPEG
31/01/2022
S. Maria di Sala, Venice
Press release
S. Maria di Sala, Italy and Cranberry Township, USA. 31st January 2022 - In accordance with the agreement signed on December 13th 2021, Piovan S.p.A. ("Piovan" or “PiovanGroup”) and IPEG, Inc. ("IPEG") announce today that Piovan has completed its acquisition of IPEG by virtue of the merger by incorporation of Sewickley Capital, Inc. ("Sewickley Capital"), the owner of 100% of IPEG into a newly formed Delaware corporation wholly owned by Piovan. The transaction was executed at the values and conditions already communicated to the market on 13th December 2021.
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