Briolf has acquired 100% of Italian company INTEC. 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.
Adhesives for Composite Materials
INTEC 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 a turnover of almost 13 million euros by the end of 2022.
Acquisition Aligned with Strategic Plan
The acquisition is perfectly aligned with the 2022–2026 strategic plan as it allows the company to continue increasing the degree of diversification while strengthening the current lines of business. In this case, it does it by adding 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).
Source: Briolf