Finpanaria has acquired Panariagroup Industrie Ceramiche
Finpanaria S.p.A. has finalized a complete voluntary public tender offer of 25.1% of the shares of Panariagroup Industrie Ceramiche S.p.A.
Finpanaria is the holding group of Panariagroup Industrie Ceramiche S.p.A.
Panariagroup Industrie Ceramiche S.p.A. is an Italian multinational leader in the production and distribution of ceramic tiles for floors and walls. With more than 1,700 employees, 10,000 customers, six production facilities and a turnover of US$357 million in 2020, Panariagroup is one of the main producers of flooring and wall-covering ceramic tiles for the upper and luxury segment of the market, servicing it with nine brands: Panaria Ceramica, Lea Ceramiche, Cotto d’Este, Blustyle, Florida Tile, Margres, Love Tiles, Bellissimo and Maxa.
Oaklins’ team in Italy acted as the sole financial advisor and coordinator to Finpanaria S.p.A.
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