One Equity Partners Invests in Gruppo Siti B&T
One Equity Partners (OEP), a middle market private equity firm, has acquired a significant minority stake in Gruppo Siti B&T (Siti), an Italian manufacturer of turnkey plants, machinery, and aftermarket services for ceramic tile, mineral stone, and quartz slab producers. Founded in 1961 and headquartered in Formigine, Italy, Gruppo Siti B&T is a leading global player in designing, building, and selling complete plants, production lines, machinery, and consumables for the ceramic and quartz industries. The company also provides after-sales products and services, including maintenance, spare parts, and upgrades.
Gruppo Siti B&T serves over 2,500 global manufacturers through its five well-known brands: Siti, Ancora, Projecta, Digital Design, Diatex, and Mec Abrasives. The company employs approximately 660 full-time individuals, with an additional 150 outsourced personnel, and operates 16 offices and 10 production facilities worldwide.
Siti offers comprehensive solutions to a long-standing global customer base in the ceramic and stone tile production industry,” said Ante Kusurin, Partner at One Equity Partners. “Given the favorable market conditions, we believe Siti has significant growth potential, both organically and through acquisitions.
The global ceramic machinery market is benefiting from trends like urbanization and the demand for cost-efficient, sustainable ceramic products.
One Equity Partners is the ideal partner for Siti’s next stage of growth,” said Fabio Tarozzi, Chairman and CEO of Gruppo Siti B&T. “We have identified several growth opportunities with OEP, and their expertise will be invaluable in executing these initiatives. The financial terms of the private transaction were not disclosed.
