This Italian company’s masks and filters are helping doctors fight back against the coronavirus—in China, the U.S., Italy and beyond
Demand for its filters for pulmonary ventilators is up 50% from the same period last year, with the life-saving devices in increasingly short supply. “Our plant manager in China is asking me to double production lines because they can’t keep up with the demand,” Scagliarini toldin a phone interview on Friday. “I spoke with a nearby company that produces pulmonary ventilators, and we’re trying to see how to work with them because they’re supplying the Italian civil protection agency.
Founder Grazia Valentini passed day-to-day control of the company to her sons, Massimo and Marco, in 2002. GVS then went on to expand into six more countries — including Japan, China and the U.S. — culminating in the 2011 sale of an 18% stake to Luxembourg-based private equity fund Mandarin Capital Partners for $30.2 million, according to. “We were profitable, and we wanted to find a partner who could teach us the skills and secrets of mergers and acquisitions,” said Scagliarini.
Now, more than half of the company’s revenues come from its healthcare and life sciences division, which includes filters for pulmonary ventilators, but Scagliarini is also looking to expand the company’s health and safety division to capitalize on the demand for biohazard masks.GVS has been involved in the fight against COVID-19 since it emerged, before it began its deadly march across Europe and the rest of the world.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Italy reports nearly 6,000 new cases of coronavirus and more than 600 deaths in the past 24 hoursOver the past 24 hours, 627 people in Italy have died of the virus. 380 of those deaths have come in the northern region of Lombardy, where doctors have been pleading for international assistance.
Leer más »
Christian Siriano Encourages Fashion Designers to Pitch in Designing Masks for Hospital WorkersThe designer and his team expect to make 1,000 masks for hospital workers in the next few days.
Leer más »
Come back to fight coronavirus, UK begs 65,000 former nurses and doctorsBritain has asked 65,000 former nurses and doctors to return to work and will de...
Leer más »
Arnold Schwarzenegger and his donkey urge fans to stay home'We don't go out, we don't go to restaurants, we don't do anything like that anymore here.' Arnold Schwarzenegger, his pet donkey and pony want you to stay home due to the coronavirus:
Leer más »
Grim milestone: Italy's coronavirus deaths surpass China'sItaly marked a grim milestone Thursday as its number of deaths from coronavirus surpassed those in China.
Leer más »