(Alliance News) - Edil San Felice Spa announced Friday that it has successfully concluded the acquisition of a new industrial site adjacent to its headquarters in Nola, with the strategic goal of increasing its production capacity.

The purchase and sale agreement, signed on Nov. 30, is worth EUR3.0 million financed entirely from its own funds.

The new spaces will be dedicated to the expansion of the area dedicated to the production activities of road and airport signs carried out through the company Wesign Srl and to the expansion of the company's surface area in order to have space available to dedicate to metal carpentry activities, functional to ordinary and extraordinary maintenance activities.

The transaction will generate the accrual of a tax credit of about EUR1.1 million usable as early as the first months of 2024.

The new industrial site covers an area of about 3,500 square meters, of which about 3,000 will be used for production and warehousing activities, while the remaining 500 will be used for offices and services, the company says.

"We are pleased to have concluded the acquisition of an industrial site that has strategic significance for Edil San Felice," comments CEO Lorenzo Di Palma. "Through the new spaces, which will be adjacent to our main office, we will be able to increase our production capacity in the key sector of road and airport signage, where we are seeing a significant increase in demand, and have new space available to be used for carpentry activities that have been outsourced to date. The infrastructure expansion is designed to provide new growth opportunities for the company and will enable ESF to improve operational efficiency and respond more dynamically to growing market demands."

Edil San Felice's stock is flat at EUR2.53 per share.

By Chiara Bruschi, Alliance News reporter

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