SGL Group completes the acquisition of Foppiani Shipping & Logistics
4 June 2024 Company announcement no. 16 Today, after the approval of Italian Competition Authorities, SGL Group (SGL) has completed the previously announced1 acquisition of Foppiani Shipping & Logistics in Italy. Foppiani, headquartered in Prato, employing more than 160 people, generates yearly revenue of EUR 115m and have multiple locations in Italy as well as subsidiaries in Asia and USA. Foppiani offers diverse services in air and ocean freight with regular routings to some of the key markets for SGL. Allan Melgaard, Global CEO SGL, says: ‘Italy has been a priority for SGL for