The shareholders of Asco Filtri Spa (“Asco Filtri”) have sold 100% of the shares to the financial vehicle AF srl, in which Red-Fish Kapital Spa holds a majority and that contains a number of Italian entrepreneurs.

Asco Filtri, located in Binasco (MI), is a designer and manufacturer specialized in process filtration solutions for the oil & gas, petrochemical, chemical, water treatment, food & beverage, and pharmaceutical markets. It has subsidiaries in France, Mexico, and the Middle East and closed 2018 with a turnover of €19.9 million. Ennio Michelini, the Asco Filtri CEO, and Massimo Mascheroni (General Manager) re-invested in the business and will continue to lead its operations.

EC M&A acted as financial advisor to Asco Filtri in this transaction.