Pedrollo Group Acquires 70% of Superior Pump (Michel Sales, Inc.)
December 13, 2020
Italy-based Pedrollo Group acquired a 70% stake in Superior Pump (trading as Michel Sales, Inc.), a Minneapolis-headquartered designer and manufacturer of residential and commercial water pumps. The deal gives Pedrollo a significant foothold in the North American market and is expected to create operational synergies across manufacturing, distribution and sales.
- Buyers
- Pedrollo Group
- Targets
- Superior Pump (Michel Sales, Inc.)
- Industry
- Manufacturing
- Location
- Minnesota, United States
- Transaction Type
- Buyout
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