On May 15, 2018, the Japanese Group Nihon Koso was awarded by the Court of Busto Arsizio with the business of Parcol S.p.A., following to the competitive auction within the composition with creditors procedure.
The historical company of Canegrate, founded in 1954 and specialized in control valves and steam control systems, operating in the power, fertilizer, chemical, petrochemical and oil&gas becomes part of the galaxy of the Japanese group.
The purchaser, Nihon Koso, is currently present in 20 countries around the world, including Italy with Koso Italy S.r.l. located in Rho, Milan. Nihon Koso is a world leader in the manufacture and sale of valves, actuators, sensors and other instrumental equipment.
This transaction ensures continuity to Parcol, opening it to new business opportunities and further strengthens the role of Nihon Koso as a global leader in the field of industrial products.
This was achieved thanks to the commitment of Mr. Takashi Ikegaya and Mr. Yuichi Ikegaya, respectively Chairman and CEO of Nihon Koso, as well as of Mr. Giancarlo Vandone, Mr. Erminio Campanelli and Prof. Catry Ostinelli for Parcol.
Moreover, this transaction was carried out thanks to the support of Avv. Dario Radice of Studio Limido & Radice for Parcol and the Commissioners appointed by the Court of Busto Arsizio, Mr. Salvatore Sanzo of Studio Sanzo e Associati and by Mrs. Paola Giudici.
“This acquisition draws on the treasured legacy that Koso group and Parcol have earned with over 100 years of control valve experience between them and will position the new company to achieve profitable growth in future under Koso group. We will combine Koso’s winning strategy of bespoke product, class leading innovation, unmatched end-user focus and global sales force with the highly respected Parcol brand” said Yuichi Ikegaya, CEO of Koso group.