(Tiper Stock Exchange) – MTH extensiona reference player in industrial and commercial refrigeration from Turin, ha finalized the acquisition of the majority of Foris Index, a company specialized in the production of doors for cold rooms with headquarters and production plant in Conselice (RA). The operation makes it possible to exploit industrial synergies and expand the portfolio with new products, further boosting commercial capacity. Furthermore, it is part of a development plan of MTH, which aims to build an Italian champion able to compete with the major players in the sector at an international level, also thanks to future aggregations of companies of excellence on the national territory.
Founded in 1964 in Conselice (RA) by the Berardi family, Foris Index specializes in the production of doors for cold rooms for large industrial warehouses and for the agricultural, fruit and vegetable and meat sectors. With a presence rooted both in Italy and in the main European countries, Foris Index has grown steadily in recent years, ending 2022 with a turnover of 8 million euros.
In order to support the transition and in light of the prospects and opportunities for growth alongside MTH, the Berardi family has decided to reinvest in the operation maintaining a qualified and strategic minority stake.
“I am extremely proud to have completed this operation, the most relevant in the history of MTH – commented Louis Canova, President and CEO of MTH – In welcoming Foris Index to our Group, MTH takes another step forward in realizing its growth strategy. Exploiting the commercial and production synergies of the two companies, MTH aims to become the first manufacturer of refrigerated doors in Italy, reinforcing its global leadership position with the injection of new talents, resources and know-how and with a product range even more complete and a doubled scale”.