TAGS: Automotive Coatings
The Catalan family company Briolf, formed by several industrial companies in the field of chemical specialties, acquires 100% of the company INTEC. The announcement marks a significant milestone in Briolf's growth plan, as it consolidates its position as a major player in the sector in Europe.
Strategic Plan to Increase Diversification Degree
INTEC is a benchmark in the automotive refinishing paint sector and has successfully developed a line of putties, pastes and adhesives focused on the composite materials sector. These products have multiple industrial applications in both technological and demanding markets such as the design and construction of ships or wind turbines in the wind energy sector.
The acquisition is perfectly aligned with the 2022–2026 strategic plan as it allows to continuously increase the degree of diversification while strengthening the current lines of business.
In this case, it does it by adding a completely new technology and sector within the group at the same time as it expands the value proposition in the bodywork market with a brand and clientele complementary to Roberlo's business.
Briolf Group closed 2022 with growth close to 25% and reached a turnover of more than 190 million euros. The expectation for 2023 is to exceed the barrier of 250 million euros thanks to the combination of organic growth.
Source: Briolf Group