TAGS: Architectural Coatings Industrial Coatings
The Catalan corporate group Briolf, comprising several industrial companies in the field of specialty chemicals, makes the agreement public through which it has acquired 100% of ARECO ITALIA spa.
ARECO specializes in the development and manufacture of aerosol paints for multiple sectors such as decoration, DIY and industry, located in Abbiategrasso, (Lombardy).
Revenue Generating Strategy While Expanding Geographically
With this transaction, Briolf Group will incorporate revenues in excess of €31 million, based on forecasts for 2022.
The Group's management believes that with this acquisition "
we are making an important quantitative and qualitative leap forward, since it provides a very significant volume of business in a sector that we consider to be key and, at the same time, strengthens our commitment to sector and geographic diversification, an element that is central to the Group's philosophy".
The company states that this increased presence in more countries and sectors "
makes us more solid in the long term and protects us from the difficulties that different economic cycles can cause. At a difficult time for the national and international economy, this model allows us to continue to grow abroad, while strengthening and generating value in all the companies we have in our country. Our team continues to grow and this makes us very proud".
Briolf Group expects to close 2022 with organic growth of more than 20% and to achieve a revenue of €220 million following the integration of ARECO.
Source: Briolf Group