Gresmalt Group acquires 51 per cent of Del Conca USA

A 51 per cent stake in Del Conca USA, a Del Conca Group company based in Loudon, in the United States, is changing hands. The buyer is the Reggio Emilia-based Gresmalt Group, which specialises in the development, production and distribution of ceramic products for the construction industry. With this acquisition, the Gresmalt Group is strengthening its growth and diversification strategy in North America, drawing on the experience, expertise and industrial presence of Del Conca USA. The agreement stems from the coming together of two Italian family-run businesses, united by a long-standing entrepreneurial history, a forward-looking vision and a management approach based on people, expertise, quality and innovation. Ceramica del Conca and Gresmalt share similar values and management styles: both have built their growth on strong family roots, the ability to invest in their products and relationships of trust with customers and partners. The Gresmalt Group will play a central role in developing the partnership in the United States, a highly competitive strategic market in which company size, industrial strength and the ability to respond rapidly to market demands are key factors. The integration of the two companies’ expertise, resources and sales networks will enable them to tackle new challenges with greater strength, developing industrial and commercial synergies and improving overall efficiency.

“With the acquisition of a 51 per cent stake in Del Conca USA, Gresmalt is taking an important step in its international growth strategy,” said Filippo Salvarani, Chairman and CEO of the Gresmalt Group. “ “We chose this company for the quality of its products, its technical expertise and its capacity for innovation, but also for its strong affinity with Gresmalt’s family-run business culture. We are ready to pool our expertise and resources to strengthen our offering in North America and tackle the challenges of this market with vision and determination.”

Under its new structure, Del Conca USA will continue to operate with a focus on continuity, maintaining the high standards of quality, service and innovation that have characterised the company since its foundation. Under Gresmalt’s strategic leadership, the partnership will enable the company to expand its growth opportunities and offer customers new solutions and services to support an even more comprehensive experience. “The sale of a 51 per cent stake to Gresmalt lays the foundations for a new phase,” adds Davide Mularoni, chairman of Ceramica del Conca. “The choice of Gresmalt stems from our shared values, vision and management culture: we are confident that, under its leadership, the industrial and commercial expertise of the two companies will generate tangible synergies and new opportunities for the future.”