Italcer completed the acquisition of Equipe Cerámicas.

Italcer, an Italian high-end ceramics group, completed the acquisition of Equipe Cerámicas, a company specializing in small format ceramics. Financial terms were not disclosed. "Today Italcer is a major global player in the ceramic industry in terms of innovation, development, sustainability and its unique management team. This operation enables us to move forward with our growth plans that began in 2017, demonstrating that a strategy of expansion through acquisitions is a unique opportunity in such a fragmented industry. As a result, our group has progressed from a turnover of €60m and EBITDA of €12m in 2017 to an expected turnover of more than €220m and EBITDA of €50m in 2021," Graziano Verdi, Italcer Group CEO.