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01-25-2007

Sidel: Streamlining Italian Structure of Operations

As of January 1, 2007, the Sidel Group has streamlined the existing structure of operations in Italy. By means of an asset deal, all operating activities of Sidel Filling Srl were transferred to the Parma-based Simonazzi Spa, which took the name of Sidel Spa. At the same time, Sidel Italia Spa, Sidel Group’s sales office formerly located in Milan, has moved to Parma.

During the course of 2007 the process of merging the two factories in Parma will be completed. Filler assembly operations at the Sorbolo location will gradually be transferred to the neighbouring facility, the former Simonazzi headquarters. It is planned to ramp up production capacity with the construction of an 8000 square meter manufacturing plant at this location.

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