One Equity Partners completes investment in an Italian Ceramic Machinery Manufacturer and Services Provider Gruppo Siti B&T
Summary
NEW YORK & FORMIGINE, Italy, June 20, 2024--(BUSINESS WIRE)--One Equity Partners ("OEP"), a middle market private equity firm, today announced that it has made a significant minority interest in Gruppo Siti B&T ("Siti"), an Italian manufacturer of turnkey plants and machinery, and provider of related aftermarket products and services to international manufacturers of ceramic tile, mineral stone, and quartz slabs used in construction and building applications.Founded in 1961 and led by the Tarozzi Family and headquartered in Formigine, Italy, Gruppo Siti B&T is one of the leading global players, a mission-critical manufacturer that designs, builds, and sells complete plants, production lines, machinery and consumables for the ceramic and quartz industry. Gruppo Siti B&T also offers after-sales products and services (maintenance, spare parts, and upgrades). "Given various favorable market tailwinds, we believe Siti possesses significant growth potential, both organically and through acquisitions. For more information, please visit www.oneequity.com.Gruppo Siti B&T is a manufacturer of turnkey plants for the ceramic and agglomerated quartz industry tile worldwide. Siti has a widespread presence in all markets globally, providing technological solutions and innovative product and services.