Fassi carried out the deal with Miltra SAS, the manufacturers exclusive distributor and importer in France. Together, they acquired ownership the ownership of the French company from the Caravelle financial group.
Fassi’s managing director Giovanni Fassi, said: "With this entrance in Marrel, we want to provide a push to the French company’s exports. The exporter vocation of the Group under my guidance is paying back all the hard work carried out in recent years, when market globalisation was a scenario reserved to a few players"
Fassi said that Marrel is well-known in Europe and in the United States, with 55% of its production intended for the export market. The company’s 2011 turnover was equal to €32m.
