The Chinese group, through its Italian subsidiary Fosber Group, has acquired 60% of BP Agnati, historic Italian company pioneer of countless significant developments in the design and production of corrugator lines. BP Agnati, part of the Brivio Pierino Group for ten years, boasts machines installed worldwide and generated 40 million euros in 2019.
“The acquisition of 60% of the shares of our business by the Fosber Group represents an extremely important moment for our company“, says Alberto Brivio, owner and CEO of BP Agnati. “Although we are positive in terms of liquidity and have a good order backlog, having Fosber Group as a partner was an important decision for the company. The long-term future of the brand and of our products is further assured. Research and development is at the heart of BP Agnati’s business: we will continue to develop our products to guarantee our customers the best technology. Even if we are a medium-sized company“, continues Alberto Brivio,”joining the Fosber Group will allow us to further and significantly improve our offer, especially support, after-sales assistance, spare parts and training.“
Sales in recent years have been important, above all thanks to the development of the Quantum corrugator in 2015. Quantum technology has been well received by customers who produce packaging with flexographic printing or high quality post-print offset and digital printing, even online. At the same time, thanks to its unique design, Quantum offers a good match with digital printing and has also been appreciated by customers active in digital printing.
“We welcome BP Agnati to the Fosber Group and the DongFang family“, reads the message from the CEO of the Dongfang Group Yezhi Qiu. “Italian company producing corrugators with a glorious and long history of over 90 years, BP Agnati is a brand known all over the world. In the future, DongFang Group and Fosber Group will continue to provide BP Agnati with resources and platforms in terms of markets, products and management support. We believe that this marriage between Fosber Group and BP Agnati will be a success and will lead to a strong alliance and win-win cooperation, which will allow the DongFang Group to take off our Group’s high-end intelligent equipment manufacturing business.”