The transaction was concluded in March by Diatex, the SITI B&T group company which acquired a 70% stake in MEC Abrasives.
Consolidated revenue of 142 million euros (down 18.8% on the 175 million euros of 2019); EBITDA of 11 million euros. The net financial position improved thanks to good cash generation.
The SITI B&T Group company specialising in end-of-line solutions has developed a new technology focused on aesthetics
Founded in July 2018 in Milan, Idylium has entered the market at the beginning of 2020 and has already a presence in Europe, USA, China, Australia and Middle East
CDP, Banco BPM and UniCredit support Siti-B&T’s new business plan focused on expansion abroad.
Siti B&T has launched a comprehensive online programme of technical training seminars for international customers, available in seven languages
Extreme size flexibility, small and large thicknesses, zero defects and waste, and optimised productivity.
The new plant will perform surface lapping of glazed surfaces and polishing of full-body, double-loaded or through-vein unglazed surfaces
Consolidated revenues down to 175.1 million euros and margins in line with those of 2018. Export share up 90%.
At Cevisama 2020, SITI B&T Group presented the world premiere of the first collection of architectural surfaces designed by Automobili Lamborghini.
The investment improves the Formigine-based group’s competitiveness in the finishing segment.