Aksìa Group and Alcedo to sell its stakes in Italian household provider Gimi to Freudenberg
The global technology group Freudenberg is further expanding its Household Products Business Area. Freudenberg Home and Cleaning Solutions is in the process of acquiring Gimi S.p.A. of Monselice, Italy. Gimi is the market leader in Italy for laundry care products, especially ironing boards and laundry dryers, and has a strong position throughout Europe. In 2015, the company’s revenue was about €80 million. Gimi currently has about 320 employees. The transaction is subject to the approval of the relevant authorities and is due to be completed in the third quarter of this year.