The 2020 Mid-Year Economic Update_long

IPH Group Forms Joint Venture with Italian Distributor

Company acquires 50% of power transmission/bearing & cutting tools distributor Minetti Group.

Lyon, France-based IPH Group, a distributor of industrial supplies in Europe, has agreed to acquire 50 percent of Italian distributor Minetti Group.

The joint venture expands IPH Group's European presence, following acquisitions in the past decade of Zitec in Germany, Orexad in France and Biesheuvel Techniek in the Netherlands. The company's footprint now includes six European markets and its annual sales total more than €1 billion (US$1.1 billion).

“The allied strength of IPH and Minetti will provide new opportunities in the Italian market, in particular through acquisitions and a joint approach to key accounts at a European level," said Pietro and Marco Minetti. "It will also accelerate the development of Minetti in its two core product segments, power transmission/bearings and cutting tools.”

IPH CEO Pierre Pouletty said: “The Minetti Group is an ideal partner for our development in Italy. This alliance will allow us to better serve our international customers and to strengthen product expertise of our group."

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.


articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.