One Equity Partners has acquired a significant minority interest in Gruppo Siti B&T, an Italian manufacturer of ceramic machinery, to support the company's growth amid favorable market trends.

Information on the Target

Gruppo Siti B&T (“Siti”) is a prominent Italian manufacturer specializing in the production of turnkey plants and machinery, alongside providing related aftermarket products and services tailored for international ceramic tile, mineral stone, and quartz slab manufacturers. Founded in 1961 and headquartered in Formigine, Italy, the company is managed by the Tarozzi family and boasts a robust global presence. Siti plays a crucial role in the ceramic and quartz industry, designing, constructing, and selling complete production lines and machinery.

Employing approximately 660 full-time staff, with an additional 150 outsourced personnel, Gruppo Siti B&T operates 16 offices across the globe and maintains 10 production facilities. The company serves a diversified customer base of over 2,500 manufacturers worldwide through its esteemed brands, which include Siti, Ancora, Projecta, Digital Design, Diatex, and Mec Abrasives. Siti also focuses on after-sales services, offering maintenance, spare parts, and upgrades to ensure optimal functioning of its machinery.

Industry Overview in Italy

The ceramic machinery industry in Italy has historically been a cornerstone of the country's manufacturing sector, known for its innovation and high-quality production standards. The industry has seen signif