Information on the Target
Riello Investimenti SGR, through its B2O fund, has acquired a 70% stake in Filtes International S.r.l., an Italian company specializing in the production of high-performance industrial yarns designed for safety devices. Established over thirty years ago and located in Capriolo, Brescia, Filtes International operates in a highly technical market. The company is recognized for its proprietary know-how in carding and combing processes as well as its utilization of long staple tearing fiber technology.
In 2024, Filtes International achieved a revenue exceeding €19 million and employs 71 staff members across two production facilities in the Brescia region. Notably, approximately 90% of its business is generated from international markets, with more than half of its revenues derived from non-European countries. The investment from Riello Investimenti SGR is expected to enhance Filtes' ongoing journey of constant innovation and technological investment, a path initiated by the Carrara Group since 1994.
Industry Overview in Italy
The industrial yarn manufacturing sector in Italy is characterized by its robust innovation and highly specialized production capabilities. Italian companies have established a reputation for their quality and craftsmanship, often catering to niche markets including safety and security applications. The industry benefits from a strong network of research and innovation, allowing firms to maintain competitive advantages through advanced technologies.
The demand for high-performance materials is on the rise, driven by increasing safety standards across various sectors, including automotive, textiles, and construction. The Italian market is uniquely positioned to respond to these needs due to its extensive experience and capability in producing customized yarn solutions.
As global supply chains evolve, Italian industrial yarn manufacturers are actively exploring new markets and expanding their export potential. With a favorable business environment, government support, and a skilled workforce, the sector is poised for growth and continual development in innovative production techniques.
The Rationale Behind the DealThe acquisition of a majority stake in Filtes International aligns with Riello Investimenti SGR's strategy to support companies that demonstrate technological adva…