Italcer Group acquires Terratinta Group SB

We are pleased to announce that Terratinta Group SB B Corp Certified has become part of the ITALCER Group.

Thanks to this acquisition, the number of transactions finalised by ITALCER Group in Italy and abroad in just 6 years rises to 9, bringing the Group turnover close to 400 million euros by the end of 2023. These include La Fabbrica – AVA, Elios, Devon&Devon, Rondine, Cedir, Spanish company Equipe Ceramicas, Fondovalle and Opificio Ceramico.

As Graziano Verdi, CEO and co-founder of the Italcer Group, explains: “The transaction is consistent with our project to create a design hub by grouping together high-end ceramic companies, and Terratinta Group, with Luca and Marco, will further strengthen this unique quality of ours. In addition, important investments in innovation and ESG will allow Italcer to continue growing steadily and solidly in the coming years”.

The operation sees Luca Migliorini, the current CEO and shareholder of Terratinta, become a shareholder of Italcer with a stake of around 1%, alongside, among others, Graziano Verdi, CEO and co-founder of the group with Alberto Forchielli and MCP – Mindful Capital Partners.

Luca Migliorini says, “Terratinta Group has marked out on a new path in the ceramics industry, under the banner of professionalism, ethics and passion for the product. These 15 years have been an incredible journey. Thanks to the determination of the entire staff and the contribution of my brother Marco Erik Migliorini, we have succeeded in projecting our reality into an innovative dimension: from an office of 40 square metres to a BCorp that reaches over 50 markets worldwide. We share the same values and a joint vision of the future with Italcer: sustainable growth for all our brands, driven by technological innovation”.

#ItalcerGroup #Acquisition #terratintagroup