Milan, 14 april 2022

Avvalor Corporate Solutions, an Italian advisory company specialized in corporate finance transactions and part of the M&A Worldwide network, assisted Tecnovac srl in the acquisition of Chrimax srl.

Both companies are based in Northern Italy and manufacture flexible packaging machinery, mainly for the food industry.

Tecnovac srl was founded in 1988 as a manufacturer of machines for packaging food products. Over time it managed to carve out an important role in the packaging sector, ranging from food, to industrial, to pharmaceuticals. Tecnovac offers a wide range of modern conception machines, designed and built with the highest quality standards.

Chrimax srl specializes in the design and construction of flow pack packaging machines for food or technical products. It designs and manufactures flow pack machines, automatic loading and trapping systems and conveyor belts based on the geometry of the customer’s warehouse.

Avvalor assisted Tecnovac in all phases of the M&A process, from the identification of a series of potential acquisition targets, to the negotiation of the terms of the transaction, up to the closing phase of the deal .

Fabrizio Ricci, Partner and President of Avvalor, worked on the project, commenting: “We have supported Tecnovac with conviction, confident in its growth strategy. With the latest operations, Avvalor confirms its skill to assist Italian SMEs in their development plans, both for their financial needs and during mergers and acquisitions operations »

For more information:

Avvalor Corporate Solutions – viale Brianza 30 – 20127 Milan – Italy

Fabrizio Ricci – Partner  tel: +39 02 87 24 25 10  E-mail: