PHI INDUSTRIAL ACQUISITIONS acquires 6 European subsidiary companies from Pitney Bowes as well as the German company Intimus International GmbH, creating the INTIMUS INTERNATIONAL Group.
The Catalan manufacturer acquires two businesses with which it hopes to double its income, up to 30 million, and go from 110 to 238 employees.
Two years after emerging from bankruptcy, Hitecsa is now the one that goes shopping through the commercial courts. The air conditioning equipment manufacturer, controlled by the PHI fund, has purchased the production units of different businesses in Catalonia and France, which will allow the Catalan company to double its size. Hitecsa closed 2013 with 110 workers and sales of 15 million euros, but after the two acquisitions it will incorporate another 121 employees and hopes to generate an additional business volume of between 15 million and 20 million euros per year.
The restructuring fund PHI Industrial acquires the American company’s business in Holland, Belgium, Luxembourg, Austria, Spain and Portugal, as well as the German firm Intimus.
A very Catalan investment portfolio.
PHI Industrial is looking for new business opportunities, after an investment cycle focused on Catalonia. The fund is the owner of the steel bar producer Capresa, the aluminum parts manufacturer Covit, the technology company Atrian, the packaging manufacturer Abelan and the air conditioning equipment manufacturer for the industrial sector Hitecsa. This last company has seen its business reinforced with the assets of the Catalan company Adisa, which builds boilers and stoves, and the French company Wesper, specialized in air conditioning.
La Antigua Lavandera, one of the main Spanish companies manufacturing bleaches and other liquid cleaning and home care products, located in Alcalá de Guadaira (Seville) and owned since 2013 by PHI Industrial Acquisitions, has acquired a new plant located in St. Adrián del Besós (Barcelona) to the German multinational group Dalli, specialized in liquid detergent products. This plant was acquired, in turn, by Dalli from Henkel in 2010.
After acquiring two companies in July that were in insolvency situations, Wesper (France) and Adisa (Spain), as add-on investments for Hitecsa, PHI Industrial Acquisitions (PHI Industrial) remains active and has completed its first acquisition with its second Fund, PHI Fund II. The acquisition comprises the shares of the subsidiaries of the US publicly traded corporation Pitney Bowes Inc. (NYSE: PBI) in Spain, Portugal, Austria, The Netherlands, Belgium and Luxembourg.
PHI industrial Acquisitions, based in Madrid and specialized in the acquisition of distressed companies, has decided to reinforce its affiliate company Hitecsa through an important acquisition in France: Wesper.
PHI started its activities in 2006 and since then has carried out many acquisitions of companies in special situations, with the objective of improving their results through an efficient management and constant support.
PHI INDUSTRIAL ACQUISITIONS acquires 6 European commercial subsidiaries of Pitney Bowes and the German company Intimus International GmbH, creating the INTIMUS INTERNATIONAL group
PHI Industrial Acquisitions operates with an innovative and entrepreneurial business model consisting of investing in companies in special situations.
From Ibiricu de Egüés, cardboard trays, laminated sheets, manual or machine-assembled cardboard boxes, bottle separators, all made of different types of cardboard that are intended for the agri-food industry so that, for example, vegetables, fruits can travel. , vegetables, fish, meat, wine… They also supply suppliers of large chains such as Lidl or Carrefour and, in Navarra, they have Berlys and Martiko as clients, among others.
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Tel: +34 93 487 97 35
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