BRAND-NEW
Franchi & Kim Acquires the Colorificio Damiani Company and Becomes Estalia Performance Coatings The Franchi & Kim Spa company acquired the Colorificio Damiani Spa company and changed its name in Estalia Performance Coatings Spa.
The Franchi & Kim Spa company and
- Aims to pursue the consolidation and
the Colorificio Damiani Spa company
development of new market shares
(100% owned by Franchi & Kim Spa)
through a planned strategy of strong
have decided to proceed with the
positioning in specialized market
The company hopes that this new
merger operation to become a new
segments and a clear and well-defined
challenge can generate an advantage for
great economic and industrial reality in
policy of distinguishing individual
the entire supply chain and can act as a
the paint sector, thus creating Estalia
brands and with separate commercial
stimulus to the Italian paint market.
Performance Coatings Spa.
organizations, each dedicated to the individual brand;
The new group has a workforce of
- Intends to guarantee the continuity of
162 employees and 51 commercial million euros. The organizational structure will make use of 3 production plants in Italy located in Castenedolo, Maclodio and Montecchio Emilia with separate shipping warehouses for the two brands: Castenedolo (Franchi
Š Estalia Performance Coatings S.p.A.
consultants for a group turnover of 47
& Kim) and Montecchio Emilia (Damiani). The company Estalia Performance Coatings Spa, born from the merger by incorporation of the aforementioned two companies, aims to increase its presence on the territory, thanks to its own brands. By virtue of this operation, the group is guaranteed leadership in the liquid paint sector, specifically in the specialized segment of industrial tinting systems within the distribution channel. In relation to the above, it is to be noted that the Estalia Performance Coatings group: - Maintains the same previous shareholding structure; - Is characterized by a wholly Italian ownership;
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commercial policies, economic conditions, constant service and the quality of its products.
For further information: www.estaliacoatings.com