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Laminam signs the agreement with Barbieri & Tarozzi Group for the acquisition of 100% of Best Surface and strengthens its production and technological footprint in Spain
The growth path and international expansion of Laminam continues, adding to the plants in Italy and Russia, with the first production site in Spain, equipped with the SUPERA® technology for large slabs developed by SITI B&T Group.
Laminam, the global leader in the production and distribution of large-size ceramic slabs for the high-end architecture and interior design sectors, controlled by Alpha Private Equity, and the Barbieri & Tarozzi Group, a manufacturer of technology and plants dedicated to the ceramic industry, have reached an agreement for the purchase of 100% of Best Surface by Laminam. The transaction is expected to be completed in the first quarter of 2022.
Best Surface, born from an idea of Barbieri & Tarozzi Group in 2018 – and not included in the consolidation perimeter of SITI B&T Group S.p.A. – is located in the heart of the Spanish ceramic district of Castellón de la Plana which produces and distributes large-size ceramic slabs under the brand Idylium and is the exclusive licensee of the Automobili Lamborghini Surfaces brand.
The production plant, equipped with SUPERA® technology developed by SITI B&T Group has achieved in few years a solid competitive positioning, with high quality and design productions, reaching a turnover of about 20 million euros.
Laminam, through the Best Surface acquisition, continues its growth path focused on quality and sustainability, entering the ceramic district of Castellón de la Plana and strengthening its presence in the Spanish market.
Laminam thus accelerates the process of expansion and internationalization, adding to the production sites of Fiorano Modenese, Borgo Val di Taro and Vorsino (Russia) with the first plant in Spain, one of the main markets at global level. The acquisition of Best Surface follows the 50 million+ euros of investments launched in 2021, currently being completed, to double the production capacity of the Laminam Group plants.
The deal also represents a further consolidation of the technological partnership between Laminam and the Barbieri & Tarozzi Group.
Laminam has been assisted in the transaction by KPMG, as legal advisor and in the financial, legal, fiscal and labour due diligence activities, and by ERM for the Environmental Social & Governance due diligence; Barbieri & Tarozzi Group has been assisted by Equita K Finance as financial advisor and by SCOA as legal advisor.