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 for safety devices. Established over thirty years ago and headquartered in Capriolo (Brescia), Filtes International operates in a highly technical market, distinguished by its proprietary know-how in carding and combing processes, as well as the use of long fiber technology. In 2024, the company reported revenues exceeding €19 million and employs 71 staff across two production facilities in the Brescia region.
Filtes generates approximately 90% of its revenue from international markets, with more than half of its income derived from non-European countries. The investment from Riello Investimenti SGR will enable the company to accelerate its ongoing journey of innovation and technological investment, a path initiated by the Carrara Group since 1994.
Industry overview in the target’s specific country
The industrial yarn market in Italy is characterized by a strong emphasis on quality and innovation, driven by the increasing demand for advanced materials in various sectors, including safety and protective equipment. Italy, known for its rich textile heritage, has positioned itself as a leader in the production of high-performance fibers, catering to both domestic and international markets. The sector benefits from a skilled workforce and a robust supply chain, which enhances its competitive edge.
In recent years, the Italian textile industry has seen a shift towards sustainable practices and the development of smart textiles, which integrate technology into traditional fabric production. This trend is fueled by growing consumer awareness and regulatory pressures regarding sustainability, prompting companies to invest in research and development to meet these evolving demands.
Furthermore, Italy's strategic location within Europe facilitates access to key markets, making it an attractive hub for international trade. The country's commitment to innovation and quality has allowed it to maintain a strong export profile, particularly in high-value segments such as industrial yarns. As global demand for safety and protective equipment continues to rise, the Italian industrial yarn market is poised for significant growth.
The rationale behind the deal The acquisition of Filtes International by Riello Investimenti SGR is strategically aligned with the fund's objective to invest in high-potential companies within the industrial sector. By acquiring a majority stake, Riello aims to lever…