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New investor joins Ricchetti Group

New investor joins Ricchetti Group

News 2018 08 20

QUATTUOR SGR strengthens the Gruppo Ceramiche Ricchetti.

On August 10, 2018, "Gruppo Ceramiche Ricchetti S.p.A.", holding company of the German Klingenberg Dekoramik GmbH, announced that a new investor will acquire a majority stake of GCR. The Italian QUATTROR SGR intends to support the ongoing restructuring process of Ricchetti Group with financial resources. The present management, consisting of CEO Maurizio Piglione and COO Matteo Davoli, has been confirmed in its position.

QuattroR is a private equity fund that aims to provide financial support for the relaunch of Italian companies with solid fundaments and structures. The transaction with GCR is expected to be completed by the end of the year. The Ricchetti Group can thus accelerate the necessary restructuring and invest more heavily in future technologies in tile industry.