Surfaces Group expands with the acquisition of Luna Abrasivi
The result is a group with sales of 120 million euro in the field of diamond tools and consumer goods for the finishing of ceramic, granite, marble and agglomerate
On 29 October, Surfaces Group announced the acquisition of 100% of the shares of Luna Abrasivi (Vezzano Ligure, La Spezia), for the last 40 years one of the world’s leading producers of tools and chemical products for industrial machining and finishing of ceramic, granite, marble and agglomerate materials with a strong presence in all the main international markets.
This strategic operation enables the Surfaces group to strengthen its world leadership in the field of diamond tools and consumer goods for finishing operations. The group now has 500 employees, 6 production and assembly sites in Italy (Cenate Sotto (BG), Thiene (VI), Baldichieri d’Asti (AT), Domodossola (VB), Monteveglio (BO) and Vezzano Ligure (SP)), 4 abroad (USA, Brazil, Turkey and India), 10 sales branches, more than 1,000 customers and combined sales of more than 120 million euros in 2018.
“It’s a pleasure to welcome Luna Abrasivi to the Surfaces family,” said Gaetano Maffei, Chairman of the Surfaces Group. “We look forward to supporting the development path of this highly successful company by sharing our integration platform, facilitating generational change and helping it fulfil its technological potential in the world market.”
Sergio Papini, founder and outgoing chairman of Luna Abrasivi also expressed his satisfaction. “By becoming part of Surfaces Group, with its organisation, portfolio of brands and solutions and extensive sales network, Luna Abrasivi will be able to continue to grow and overcome the most competitive challenges in the world of aesthetic material transformation,” he said.
According to Pierluigi Dinelli, CEO of Surfaces Group, “The combination of Luna Abrasivi and the Group’s brands (Surfaces, ADI, NoCoat, International Chips, RBM) will enable us to improve our level of customer service, increase the productivity and competitiveness of our plants, develop ever higher-performance technical solutions in the high-end and large size segments and accelerate our expansion in international markets.”