Clessidra to acquire a 100% stake in Scrigno.

Clessidra SGR, the leading Italian private equity firm, agreed to acquire the entire share capital of Scrigno Group, a leading manufacturer and distributor of counter-frames for pocket doors and windows worldwide. Financial terms were not disclosed. Mario Fera, CEO of Clessidra said: “With the acquisition of Scrigno we invest into a growing market segment with great potential for further development, especially outside of Italy. This transaction fits very well with Clessidra’s strategy to create value by investing in leading Italian brands and promoting a new phase of expansion underpinned by a solid industrial approach”.