EPTA ACQUIRES KING RICHARD SHOP SYSTEM INC.
Epta SpA announces the acquisition of King Richard Shop System Inc., the Group’s longstanding distributor in the Philippines. King Richard Shop System Inc. is well known in the country for service & contracting in commercial refrigeration thanks to its twenty years of experience and a staff of over 100 people.
With this operation the Epta Group will expand its direct presence in East Asia, where it is already active in China, Thailand, Singapore and Malaysia. Epta is combining its know-how and expertise in the production and supply of technologically advanced systems with all-round service for both Retailers and the Food&Bev segment.
Marco Nocivelli, Chairman and CEO of Epta declares: “We are very proud to welcome to our Group all the staff of King Richard Shop System Inc. This operation is perfectly in line with the growth objectives through acquisitions that we set ourselves for the year to consolidate our presence in emerging countries, where we are growing in line with expectations.”
Gennaro Gentile, General Manager of Epta Asia, concludes: “This in an opportunity for both parties which enables us to be more competitive together and emerge as one of the strongest player in the Philippines able to offer a complete service throughout the country. It is an acquisition that enhances our mutual know-how: the quality that characterises the cutting edge solutions of the Epta brands and the significant experience of King Richard Shop System Inc. in offering unrivalled pre and post sales assistance.”
The agreement has been finalised and will become effective as of 1st July 2017.