The Catalan family company Briolf, formed by several industrial companies in the field of chemical specialties, has made public the agreement of June 12, 2023 by which it acquires 100% of the company INTEC srl. 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.
INTEC is a family company with more than 50 years of history located in the province of Reggio Emilia. It is a benchmark in the automotive refinishing paint sector and 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 integrating a highly qualified team of nearly 40 people, as well as a turnover of almost 13 million euros by the end of 2022.
According to the company, “this acquisition is perfectly aligned with the 2022–2026 Strategic Plan as it allows us to continue increasing our degree of diversification while strengthening our current lines of business”. And they emphasize that “In this case, we do it by adding a completely new technology and sector within the Group at the same time as we expand our 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).
About Briolf:
Briolf a family-owned industrial group with a highly diversified and global presence in the coatings and chemicals specialties sector for more than 55 years. Briolf’s mission is to create solutions for enhancing the appearance of surfaces, extending their life and maximizing their performance.
Our vision is to diversify, grow and strengthen our position in the industry, while maintaining our core identity intact. This core identity is encapsulated in our motto. PEOPLE. PASSION. CHEMISTRY.
The Group works closely and thoroughly alongside companies to provide them with the optimal technological, strategic and economic framework to help them develop in a satisfactory and sustainable manner over the long term.
Today, more than 1000 people from more than 35 companies serve our customers in more than 120 countries and in 9 business sectors.
In the past financial year 2022, Briolf’s income grew by 25% and reached 192 million euros. With the new addition, the main companies (without subsidiaries) that currently make up Briolf are:
Roberlo              Spain           Automotive refinishing and industrial painting
Montana Colors         Spain                   Spray paint
Areco Italia spa        Italy                     Spray paint
Chemfix              UK                       Chemical anchoring
Intec                Italy                     Repainting automotive / Composites sector
Cromaresme                    Spain                   Paint for plastic and glass
Impacar              Italy                     Putties and adhesives
Dexia system          Spain           Paint distribution
For more information about Briolf Group visit www.briolf.com.
