Tag Archives: Inc.

Equipment, Food, Food & Beverage, Food Processing, Fruits & Veggies

Fruit processing machines and systems manufacturer ABL, S.p.A. acquired by Gulftech of Denver, CO

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MODENA, Italy, 15-Jul-2019 — /EPR FOOD & BEVERAGE NEWS/ — Gulftech International, Inc. (“Gulftech”) based in Denver, Colorado, USA, announced today that it has completed the acquisition of ABL S.p.A. (“ABL” or the “Company”). The Gulftech family of companies are the world’s recognized leaders in the engineering, manufacture, lease, sale and service of industrial equipment and components serving many of the world’s most important food production and processing companies. ABL, headquartered in Cavezzo, Modena, Italy, is a global leader in the design, manufacture and servicing of fruit processing equipment.

Founded in 1978, by Carlo Ascari and with a minority participation of the private equity fund NEIP III (ITAGO), the Company has earned an outstanding reputation as a market leader in the fresh cut produce market. Committed to innovation and dedicated to customer relationships, ABL has a long history of providing high quality machinery with extraordinary customer service.

“ABL’s award-winning innovative designs, outstanding product quality and reputation as a family owned and operated business in the fruit processing industry made them a very attractive integration for Gulftech,” said Steven Ferrell, CEO of Gulftech. “The investment in ABL represents an important expansion of Gulftech’s capabilities, significantly growing our presence in the fresh cut market segment. We could not be more excited to partner with Carlo, Daniela, Luca and the entire ABL organization. Together, we will provide customers a broader portfolio of products and services, and deeper engineering capabilities for future product development.”

“Being a family-owned business, partnered with their extensive experience in the development, manufacture and service of food processing equipment, Gulftech is a perfect partner for ABL, my family, our management team, our employees and our customers,” said Carlo Ascari, Founder of ABL. “We are proud of what we have built over the last 40 years and are excited to be a part of Gulftech and its family of companies.”

The Ascari family and NEIP III (ITAGO) have been assisted by Corus Corporate Finance S.p.A. as financial advisor and Pavia & Ansaldo as legal advisor, while Gulftech has been advised by Jones Day and Deloitte.

Additional information on ABL can be found on its website at https://www.abl-fruit-machinery.com while further information on Gulftech and its family of companies can be found on its website at https://www.gulftech.com.

SOURCE: EuropaWire

Alcoholic Beverages, Beers, Beverage, Brewing, Drinks, Events, Online

Beer Universe Announces Enhanced Beer Recommendations

Beer Universe, Inc. (Beer Universe or the “Company”), a social media / e-commerce website that revolutionizes the beer marketplace and community for beer enthusiasts of all ages, has announced the enhancement of its Beer Recommendation system. The Company believes that its new algorithm will allow users to truly get better recommendations of beers that they will want to try.

“Utilizing the principles of collaborative filtering, Beer Universe is able to accurately predict the variety of beers a user may enjoy,” said Angel Rivera, lead developer on the project. He continued “We firmly believe that our recommendation system is the best out there and will continue to make Beer Universe the best beer social network on the Internet.”

With the vast amount of beers available, it is often overwhelming for users to select new beers that they have not previously consumed. There are many different styles of beer that are available today, including:

•  Pilsners

•  Lagers

•  Bocks

•  Ales

•  Meads

Each of these categories can be broken down even further (IPA’s, Belgium Ales, Lights, Darks, etc). With over 3,000 beers in Beer Universe’s database – the Company alleviates the aimless search for good beer. By utilizing the ratings system on Beer Universe, users will be able to enhance their own recommendations – the more beers a user rates, the smarter the system gets and the better the recommendations become. Users at Beer Universe can either rate / review beers in order to have it incorporated into their preferences.

The Company encourages new users to utilize the system, as reviewing more beers leads to points, which are the incentive based system on Beer Universe. The more points members accrue the more free stuff that they possibly could earn, f r o m books based on beers to flat screen televisions.

For more information, please visit http://www.beer-universe.com.

Via EPR Network
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