Briolf accelerates its growth plan with a new international acquisition
With the incorporation of the Italian Intec srl, the company completes its third acquisition in the last 18 months, thus strengthening its position as a major player in the sector at the European level.
The Catalan family company Briolf, formed by several industrial companies in the field of chemical specialties, has made public the agreement of June 12, 2023 by which it acquires 100% of the company INTEC srl. This announcement marks a significant milestone in Briolf's growth plan, as it completes its third acquisition in the last 18 months and consolidates its position as a major player in the sector in Europe.
INTEC is a family company with more than 50 years of history located in the province of Reggio Emilia. It is a benchmark in the automotive refinishing paint sector and has successfully developed a line of putties, pastes and adhesives focused on the composite materials sector. These products have multiple industrial applications in both technological and demanding markets such as the design and construction of ships or wind turbines in the wind energy sector.
Quantitatively, the incorporation of INTEC into Briolf means integrating a highly qualified team of nearly 40 people, as well as a turnover of almost 13 million euros by the end of 2022.
This acquisition is perfectly aligned with the 2022–2026 Strategic Plan as it allows to continue increasing the degree of diversification while strengthening the current lines of business. In this case, it does it by adding a completely new technology and sector within the Group at the same time as it expands the value proposition in the bodywork market with a brand and clientele complementary to Roberlo's business.
Briolf Group closed 2022 with growth close to 25% and reached a turnover of more than 190 million euros. Despite the political and economic turbulence on a global scale, the expectation for this 2023 is to exceed the barrier of 250 million euros thanks to the combination of organic growth and the contribution of the last two acquisitions of Italian companies (ARECO in November 2022 and now Intec in June 2023).