CRIOCABIN, A LEADING COMPANY IN THE FIELD OF REFRIGERATED DISPLAY CASES, ACQUIRES ZOIN REFRIGERAZIONE


Teolo, March 12th 2019

Criocabin S.p.a., a leading company in the design and production of refrigerated display cases, entered into a definitive agreement for the acquisition of Zoin Refrigerazione S.r.l. (Zoin), an operator in the sector based in Villafranca Padovana (PD), for an undisclosed amount. Zoin will take advantage of the commercial and productive strength of the new group, although remaining an independent entity. The closing of the transaction will be in March 2019.

"We are very pleased to welcome to our family Zoin Refrigerazione, a well-known and appreciated firm in a sector where Criocabin can offer important development prospects for the future", said Andrea Babetto, President and CEO of Criocabin. "The acquisition of Zoin allows us to improve the offer with a line of products currently not covered, and at the same time improve the group's skills."

"The possibility of integrating the activities into a larger group characterized by a strong presence on international markets offers a solid prospective of growth and development for our company and all current employees", commented Catia and Mirco Zoin.

Catia and Mirco Zoin will remain in the group formed by Criocabin and Zoin, and will continue to manage the business of Zoin Refrigerazione, with the support of the Criocabin management and the services and possibilities offered by a larger group, remaining in the board of Zoin Refrigerazione.

Marco Polo Advisor, with Filippo Rozzanigo and Giovanni Maldarizzi, and Studio Fava, with Paolo Fava, assisted Criocabin in the entire acquisition process. Studio Galfin, in the person of Renzo Gangai and Maurizio Reffo, assisted Zoin shareholders.

14.03.2019

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