{"id":13122,"date":"2019-07-11T00:00:00","date_gmt":"2019-07-11T04:00:00","guid":{"rendered":"https:\/\/livingstagenew.wpenginepowered.com\/transaction\/livingstone-advises-the-shareholders-of-abl-on-its-sale-to-gulftech-international\/"},"modified":"2026-06-25T13:39:44","modified_gmt":"2026-06-25T17:39:44","slug":"livingstone-advises-the-shareholders-of-abl-on-its-sale-to-gulftech-international","status":"publish","type":"transaction","link":"https:\/\/livingstonepartners.com\/ko\/transaction\/livingstone-advises-the-shareholders-of-abl-on-its-sale-to-gulftech-international\/","title":{"rendered":"Livingstone advises the shareholders of ABL on its sale to Gulftech International"},"content":{"rendered":"\n

Livingstone acted as exclusive financial advisor to the Ascari family and Itago Private Equity (formerly Finint & Partners) in the sale of <\/strong>ABL S.r.l.<\/strong><\/a> (”ABL”), a leading Italian designer and manufacturer of fruit processing machinery, to <\/strong>Gulftech International, Inc.<\/strong><\/a> (”Gulftech”), a U.S.-based group specializing in engineered solutions for the food production industry. As part of the transaction, the Ascari family reinvested in Gulftech with a minority stake.<\/strong><\/p>

Based in Cavezzo (Modena) and founded over 40 years ago, ABL<\/strong> has established itself as a global reference in fresh-cut fruit processing machinery, ranking fourth worldwide by market share. The company is known for its engineering expertise and innovation in tailored solutions for the food industry. <\/p>

Since 2015, ABL had been backed by Finint & Partners<\/strong> (now Itago<\/strong><\/a>), a private equity investor that supported the company\u2019s growth and helped strengthen its industrial positioning. The Ascari family, founders of ABL, retained the majority stake and continued to lead the business.<\/p>

Gulftech<\/strong>, headquartered in the United States, is a global leader in food processing technologies, with a portfolio of operating companies providing equipment and services to food producers worldwide. The acquisition is part of Gulftech\u2019s international expansion strategy through targeted M&A.<\/p>

The transaction marks a significant step in ABL\u2019s evolution\u2014enabling the transition to the next generation, the exit of the financial investor, and the company\u2019s entry into an international platform committed to long-term industrial development.<\/p>

\u201cThis cross-border transaction reinforces our ability to connect high-quality industrial businesses with global strategic investors,\u201d<\/em> said Luca Maccagnani Castelli<\/strong><\/a>, Managing Partner at Livingstone<\/strong>. \u201cGulftech\u2019s acquisition provides ABL with the industrial and commercial scale to expand globally while preserving its legacy of engineering excellence.\u201d<\/em><\/p>

Daniela Ascari \u2013 ABL shareholder \u2013 <\/strong>commented: \u201cThe transaction marks the culmination of a journey that began a few years ago when Itago became a shareholder, aimed at giving ABL a more \u2019industrial\u2019 profile. This operation will bring significant benefits to both parties.”<\/em><\/p>

This transaction further strengthens Livingstone\u2019s track record in the Food Processing sector and confirms its capability in advising entrepreneurial families and private equity investors on complex and transformational deals.<\/p>\n","protected":false},"excerpt":{"rendered":"

Cross-border transaction enables global scale-up and completes a successful transition to new ownership<\/p>\n","protected":false},"featured_media":2381,"template":"","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"client-type":[],"region":[],"sector":[],"service":[],"transaction-type":[],"class_list":["post-13122","transaction","type-transaction","status-publish","has-post-thumbnail","hentry"],"acf":{"team_members":[1560,1570],"date":"20190711","client_type":54,"type":[1143],"region":[1200],"services":[455],"sectors":[788,804,1209],"related_transactions":"","related_testimonials":[52617,52618],"contacts":""},"yoast_head":"\nLivingstone advises the shareholders of ABL on its sale to Gulftech International - Livingstone Partners<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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