Epta-VPP crop
VPP CEO and founder Victor Peña (left) agreed the acquisition deal with Epta Chile and Peru MD Marcelo Cataldo.

Italian-headquartered refrigerator firm Epta has acquired Sociedad Ingeniería y Mantención VPP, a Chilean company specialised in the engineering, installation and maintenance of refrigeration systems in retail, rental and sale of refrigerated cabinets and spare parts.

Epta believes the deal will allow it to consolidate its position in the country where it has been active since 2013 with Epta Chile, through the acquisition of supplier Portanuova.

The agreement is aimed at progressing the internationalisation strategy of the group, namely to expand its direct presence with technical and commercial branches, to offer clients turn-key installations and strong aftersales service support.

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Chilean company VPP was founded in 2008 and now has four branches in the main Chilean regions, as well as partnerships with local and international chains. The company has a team of over 100 technicians.

Epta Latam general manager Fernando Galante said: “We are proud to welcome VPP into the group. An operation strongly desired by both sides, thanks to sharing the same principles such as, for example, focus on the client and development of collaborators’ talents.

“The project will pool together our excellence, for an unequalled integrated system. The technologically advanced and sustainable solutions of our brands can now be combined with a first in class assistance to retailers, provided by an operator as well-established as VPP on the territory.”

While Epta Chile and Peru general manager Marcelo Cataldo added: “After years of presence in the Chilean market, focusing on giving our customers a turnkey solution and direct attention that nurtures long-term relationships, this acquisition allows us to provide them with a 360° service.”

VPP CEO Victor Peña commented: “The intense competition that characterises large-scale distribution in Chile is increasingly legitimising the interest for an all-round service, in order to accompany the Client from design to installation, to aftersales. To become part of a group like Epta, which distinguishes itself for its innovative strength, is an important competitive advantage for us, to consolidate our presence in the market and continuously improve our skills.”

Tags : acquisitionbusinessbuyouteptaRefrigerationtakeovervpp
Clare Nicholls

The author Clare Nicholls

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