In line with the Group’s network development strategy, Rubix has acquired PPE distributor Nova Modet and – through a separate transaction – is now the majority shareholder of flow specialist Uniseals.

Originally founded in 1988, Nova Modet provides PPE (mostly gloves, workwear, respiratory and head-view protections and shoes) to a wide range of customers, including a number of blue-chip businesses.

With nine employees working from a single branch in Castelfranco (Veneto), the company reported sales of €9m in the year ended 31 December 2020.

The business is managed by Mr. Michele Stocco and Mr. Claudio Zagato who will remain in their current roles and support the future development of the company.

Marco Minetti, CEO of Minetti Spa (Rubix in Italy), said: “I’m looking forward to working with my new colleagues from Nova Modet as we continue to develop the PPE category across the country.”

Separately, Rubix has become the majority shareholder of Uniseals, a supplier of seals and turned gaskets for industrial and food & beverage applications based in Italy. Rubix has held a minority stake in Uniseals since the acquisition of Fluidmec in 2019.