02.26.24
Zuiko has entered into an agreement to acquire Delta S.r.l., an Italian manufacturer of sanitary products machinery. Established in 2002, Delta conducts business in the U.S. as well as countries in Europe, South America and Africa. Its products are available in multiple price ranges, complementing Zuiko's existing product line up.
The addition of Delta into the Zuiko Group is expected to help boost the company's sales to a wider range of customers. This is in sync with its business plan aiming to improve the profitability of its hygiene products business and expand its sales into new geographies to help defend its business against the possibility of declining diaper and sanitary products sales in Japan and China, which comprise half of total sales.
Delta's 2022 sales were reported at €10.6 million compared to €7.9 million in 2021 and €4.6 million in 2020. The transaction is expected to be complete in late March.
The addition of Delta into the Zuiko Group is expected to help boost the company's sales to a wider range of customers. This is in sync with its business plan aiming to improve the profitability of its hygiene products business and expand its sales into new geographies to help defend its business against the possibility of declining diaper and sanitary products sales in Japan and China, which comprise half of total sales.
Delta's 2022 sales were reported at €10.6 million compared to €7.9 million in 2021 and €4.6 million in 2020. The transaction is expected to be complete in late March.