ITALY: Commercial refrigeration manufacturer Epta SpA has acquired its longstanding distributor in the Philippines King Richard Shop System.
The acquisition will enable Epta to expand its direct presence in East Asia, where it is already active in China, Thailand, Singapore and Malaysia.
With 20 years of experience and a staff of over 100 people, King Richard Shop System Inc is well known in the Philippines for service and contracting in commercial refrigeration.
“This operation is perfectly in line with the growth objectives that we set ourselves for the year to consolidate our presence in emerging countries, where we are growing in line with expectations,” commented Epta chairman and CEO Marco Nocivelli.
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 players in the Philippines able to offer a complete service throughout the country.”