Wise SGR-backed Corob acquires Novaflow Systems

Corob SpA has acquired Novaflow Systems Inc, a Prescott, Ontario designer and maker of automated dispensing systems servicing a range of markets, including paints, printing inks, coatings, dyes, oils and chemicals. No financial terms were released for the deal, which closed earlier this month. Italy's Corob, a supplier of advanced tinting equipment to the global paints and coatings industry, said the acquisition will create synergies, expand its product offering, and help introduce it to new markets. Corob was acquired in 2016 by Italian private equity firm Wise SGR from Nordic Capital.

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