Gulftech acquires ABL, S.p.A, expands into fresh-cut produce market
ABL manufactures fruit processing equipment.
Gulftech International, Inc., Denver, Colo., acquired ABL S.p.A., an Italy-based manufacturer of fruit processing equipment.
“ABL’s award-winning innovative designs, outstanding product quality and reputation as a family-owned and operated business in the fruit processing industry made them a very attractive integration for Gulftech,” says Steven Ferrell, chief executive officer of Gulftech. “The investment in ABL represents an important expansion of Gulftech’s capabilities, significantly growing our presence in the fresh-cut market segment. We could not be more excited to partner with Carlo, Daniela, Luca and the entire ABL organization. Together, we will provide customers a broader portfolio of products and services, and deeper engineering capabilities for future product development.”
“Being a family-owned business, partnered with their extensive experience in the development, manufacture and service of food processing equipment, Gulftech is a perfect partner for ABL, my family, our management team, our employees and our customers,” says Carlo Ascari, founder of ABL. “We are proud of what we have built over the last 40 years, and are excited to be a part of Gulftech and its family of companies.”