Fosber acquires Agnati

At the beginning of 2020, Guangdong DongFang Precision Science & Technology Co., Ltd. acquired 60% of the business of the Italian company BP Agnati srl (“Agnati”) through its wholly-owned subsidiary, the Fosber Group.  

Tracing its roots back to the 1930s, Agnati has pioneered many significant developments in the design and manufacture of corrugating lines. The company has machines installed on every continent in the world. Ten years ago, it  was acquired by the Brivio Pierino Group, at which time it changed name to BP Agnati srl. The company generated €40 million in 2019.

“The acquisition of 60% of the shares in our business by Fosber Group represents a significant landmark for us,”says Alberto Brivio, owner and CEO of  BP Agnati srl. “Although we are cash positive and with a good order book, having Fosber as one of the owners was a strong move for the company. The long term future of the brand and its products can be further secured. R&D is at the heart of the Agnati business and we will continue to develop our product lines to ensure our customers have the best technology and products at their disposal”.

Alberto Brivio continues, “Although we are a medium sized business, entering the Fosber Group will allow us to significantly enhance our offering further, especially relating to after sales support and service, spare parts and training. Joining the Fosber Group will allow our customers to benefit from the expanded global footprint. Existing and new customers will have the market-leading after-sales service and support function offered by Fosber.”