BOLOGNA, Italy – IMA finalised with Sacmi Imola the sale of its 50% holding in CMH S.r.l., which manufactures and sells automatic machines for the processing and packaging of chocolate. The equity value of the investment has been set at 25.5 million euros, with 17.5 million euros paid at the closing date, with the remainder due within one year from completion.
The sale, which does not have any impact on the IMA Group revenues and EBITDA as CMH is measured at equity, generates a capital gain for IMA of about 16 million euros. The sale also involves a non-competition agreement for a period of four years in this specific sector.
Established in 1961, IMA is world leader in the design and manufacture of automatic machines for the processing and packaging of pharmaceuticals, cosmetics, food, tea and coffee.
The Group has about 4,600 employees, more than 2,300 of whom overseas, and can count on 34 production plants in Italy, Germany, France, Switzerland, Spain, the United Kingdom, the United States, India and China.
