February 25: Cevolani has been acquired by Paritel Finanziaria, an Italian group that will include the canmaking equipment manufacturer within its automatic machinery division, which also includes Sasib.

In a share-exchange deal, previous owner Pelliconi has disposed of Cevolani so that it can better focus on its world-leading closures business. News of the deal was broken in a local paper last week.

Paritel, managed by chief executive Luca Peli (pictured) and with headquarters at Casalecchio di Reno near Bologna, has a 20-year history in managing industrial partnerships.

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