San Marco Group acquires Borma Wachs and strengthens in the wood sector

Only a few days after the Oikos transaction, by auction at the Court of Forlì, San Marco Group concluded the acquisition of Borma Wachs, a historic Italian company led by the Bortoluzzi family, specialising in professional wood finishing, maintenance and treatment solutions.

Borma Wachs, founded in 1928, has its production and logistics site in the province of Venice and targets the professional segment with a broad product portfolio.

Piero Geremia e Marco Bortoluzzi

This is "a new and important strategic manoeuvre aimed at enhancing the national industry," explains the company based in Marcon, Venice. "With this second operation, the Group, a leader in paint systems for the building industry and interior design, aims to speed up its development path, expand its product portfolio, and strengthen its competitive positioning: by focusing, once again, on a leading Italian company with a deep-rooted international presence.

The integration 'is part of the San Marco Group's multi-year industrial plan, looking at a leading company that has been operating successfully in Italia and abroad for almost a century. In this way, a strong industrial synergy will be created between the brands of the two companies, but, above all, a pole of excellence will begin to take shape with an increasingly broad and competitive offer capable of bringing high quality, advanced technology, sustainability, and capillary services to the national and global market'.

"The acquisition of Borma Wachs gives us the opportunity to accelerate our international growth, enhancing Made in Italy as a distinctive lever within a high-potential niche such as wood coatings. - comments Pietro Geremia, Chairman and CEO of San Marco Group - This is a natural strategic operation, favoured by a deep affinity of values that sees us, once again, reinvesting to grow and position ourselves as national and European champions in the colour sector. We will strengthen ourselves with determination in a strongly evolving sector, that of wood, in which today the market offers important spaces to those who, like us, focus on quality and specialisation. We will thus better garrison the resale channels and colour factories both in Italia and abroad, and at the same time open the doors to the professional BtoB segment. By enhancing the technical identity of the Borma Wachs brand and its export vocation, we confirm the centrality of Italian know-how in our global structure, founded on the common pillars of training and innovation".