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Italcer Group acquires 100% stake in Cedir

January 2021

Italcer - The Reggio Emilia-based group led by Graziano Verdi - is continuing its acquisition-based growth plan with the purchase of Cedir, a historic ceramic company located in the province of Ravenna.

Formed over a period of three years through a series of mergers, Italcer is now Italy’s sixth largest ceramic group and produces high-quality products for interior and exterior use through a variety of top brands and historic companies (Devon&Devon, La Fabbrica Ceramiche Ceramiche, AVA, Elios Ceramica, Ceramica Rondine and Bottega).

Italcer’s acquisition of Cedir, which has a production capacity of 3 million sq metres per annum of porcelain tiles, fits in perfectly with the group’s long-term strategic goals.

“The acquisition of Cedir marks an important step forward for the Group’s growth plans thanks to its all-Italian creativity and quality and its strong focus on the needs of the various markets,” comments Italcer’s CEO Graziano Verdi. “The primary aim of our integrated business model is to create a high-end cluster in the ceramic floor and wall tile sector, and this is where we are focusing all our efforts.”

More at: http://www.cedir.it

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