Deloitte Facilitates Sale of FB Balzanelli to US Group Davis-Standard, Enhancing Global Automation Solutions in Tube Industry
"Deloitte has assisted FB Balzanelli, an Italian company specializing in automatic and semi-automatic winding machines, in selling its shares to the US group Davis-Standard, which is supported by Norton Rose Fulbright. This acquisition aims to establish a center of excellence for winders in Italy, enhancing automation capabilities and expanding the range of solutions for the global plastic pipe market. The transaction is subject to regulatory approvals and closing conditions. Tamburi Investment Partners acted as the financial advisor for the sellers."