BOLOGNA, Italy — The Rossetti family announced that the multinational IMA S.p.A. has become a long-term strategic partner with Alfa S.r.l. IMA, through its subsidiary PMI S.r.l., has acquired a 40% stake and will be involved in supporting Alfa worldwide and in the technological development of Alfa's products and solutions.

The investments will be dedicated to the development of the sales and technical service network, to ensure adequate logistics, and to expand the range of solutions offered by Alfa.

The leadership of the company will remain the same, led by Edoardo and Marco Rossetti, but will be reinforced with new strategic figures who will help to increase the performance and human capital of Alfa.

Based in Bologna, Italy, Alfa was founded in 2014 by the Rossetti family, which has more than 50 years of experience in the paint and dispensing machine sector. The company offers innovative services and products in the world of color, mainly aimed at — but not limited to — the decorative paints market. Alfa products and solutions have currently reached more than 40 customers in 30 countries on four continents.

"In Alfa, we are always looking for the best in order to provide our partners and customers with unique technological solutions. This means being present in their daily activities, demonstrating day by day the quality of our products and services, as well as our reliability over time. We are proud of this agreement reached with IMA because it represents the ideal partner to accelerate our growth and to face future challenges in a market that is increasingly demanding and that is progressively focusing on large global players," said Marco Rossetti, CEO of Alfa.

IMA S.p.A., whose main shareholder is the Vacchi family, is world leader in the design and manufacture of automatic machines for the processing and packaging of pharmaceuticals, cosmetics, food, tea, coffee and tobacco.