GEA Group has acquired a majority stake in Italian company Pavan from Luxembourg-based Alpha Private Equity Funds Management.
Based in Germany, GEA Group provides equipment and process technology for the food and other industries, while Pavan is engaged in the supply of extrusion and milling technology.
Messrs Natthi Cholsaipant and Tanapat Cholsaipan have entered an agreement with Tego to acquire a 100% equity interest in Tefel Packaging Industries for $2.4m in cash.
Tefel manufactures polypropylene bags, while Tego is an indirect subsidiary of PPB Group, an investment holding and property investment company.
All the companies involved in the transaction are based in Malaysia.