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- One Equity Partners Acquires Minority Stake in Gruppo Siti B&T
One Equity Partners Acquires Minority Stake in Gruppo Siti B&T
Slice of Manufacturing Team
June 24, 2024
Key Highlights:
One Equity Partners acquires a significant minority interest in Gruppo Siti B&T.
Gruppo Siti B&T is a leading global manufacturer in the ceramic and stone tile industry.
The partnership aims to leverage OEP’s expertise for growth through organic expansion and acquisitions.
Gruppo Siti B&T serves over 2,500 global manufacturers with innovative products and services.
Source (Business Wire)
Notable Quotes
"Siti offers full end-to-end capabilities to serve a longstanding global customer base across various end markets in the ceramic and stone tile production industry. Given various favorable market tailwinds, we believe Siti possesses significant growth potential, both organically and through acquisitions."
"We believe One Equity Partners is the ideal partner to help grow Gruppo Siti B&T for its next stage of expansion both organically and through M&A given the firm’s extensive experience investing in and growing manufacturing businesses."
Our Take:
This strategic investment by One Equity Partners in Gruppo Siti B&T is poised to significantly enhance the latter's growth trajectory in the global ceramic and stone tile production market. By leveraging OEP’s extensive experience and expertise in the industrial sector, Gruppo Siti B&T is well-positioned to capitalize on the favorable market trends driven by urbanization and the increasing demand for sustainable ceramic products. This partnership is expected to foster both organic growth and expansion through strategic acquisitions, ultimately solidifying Gruppo Siti B&T's leadership in the industry.