MoMa Group completed the acquisition of Ricchetti Group.

MoMa Group, an Italian industrial group, completed the acquisition of Ricchetti Group, a producer of ceramic floor and wall tiles. Financial terms were not disclosed. "We are proud to announce the acquisition of Gruppo Ceramiche Ricchetti, a key step in our growth strategy and product portfolio expansion. Ceramiche Ricchetti is an icon of Italian industry. The acquisition, completed thanks to the support of all the stakeholders who have supported Gruppo Ceramiche Ricchetti for years, including local municipal governments, has allowed the company to successfully complete its restructuring process, laying the foundation for an ambitious industrial integration project within MoMa Group," Renzo Vacondio, MoMa Group CEO.