HomeLatest NewsItalcer acquires large slabs producer Fondovalle

Italcer acquires large slabs producer Fondovalle

Italcer Group, an Italian manufacturer in the ceramic tiles and bathroom furniture sector, has completed its acquisition of Ceramica Fondovalle, a company which specialises in the production of large slabs, and has been operating in the Sassuolo district of Northern Italy for over 50 years.

Fondovalle will be the seventh acquisition carried out by Italcer, following the previous purchases of La Fabbrica, Elios, Devon & Devon, Rondine, Cedir and Equipe Ceramicas. The large slab manufacturer is reportedly projected to close 2022 with approximately €50m (£43m) in turnover.

The acquisition of Fondovalle is aimed to bolster Italcer’s product offering, which will now include a wide range of products from small tiles to large slabs. The group is reportedly projected to reach a turnover of €370m in 2022.

Graziano Verdi, group CEO, said: “It has been a long time that we wanted to internalise the production of large slabs, a very promising segment in which we are already present with the AVA brand. Fondovalle has great credibility on the market and we are sure we will be able to further enhance its positioning. Our ADVANCE anti-bacterial and anti-viral technology will be one of the levers for rapidly gaining market share in slabs, especially in the furniture segment”.
www.gruppoitalcer.it

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