ITALY - Cobepa acquires a majority stake in Salice S.p.A., a business specialized in furniture fittings, opening systems and furniture accessories.
The transaction is a pivotal moment in the Salice family’s longstanding history, as Cobepa’s entry marks a new phase of investment and development. The third-generation family shareholders grew the almost 100-year old business, specialized in furniture fittings, opening systems and wardrobe accessories, into a market leader reaching a consolidated revenue of €216 million in 2021 thanks to the progressive launch of innovative and patented solutions.
Partnering up with Cobepa will reinforce Salice’s leading market position and help unlock further growth opportunities, in terms of both geographical expansion and penetration of new market segments. The Salice family will remain as minority shareholders and, to ensure a correct transition and guarantee managerial and operational continuity, Francesca, Massimo and Sergio Salice will maintain their current roles within the company.
Jean-Marie Laurent Josi, CEO of Cobepa, says: "We found in Salice a perfect example of Italian industrial excellence and we are proud to support them in their growth path”. Charles-Henri Chaliac, Group Managing Director, and Andrea Sartori, Principal at Cobepa, add: “Leveraging on Salice’s strong values and foundations, we look forward to accompanying them in their journey to become the global leader in high-quality, premium functional solutions for the furniture industry".
Salice is the Italian world leading player in the production of opening systems and functional components for the furniture industry, founded in 1926 by Arturo Salice. The Group has 3 production sites in Italy (Novedrate, Belluno and Colli al Metauro) and is present in 10 countries with 12 foreign subsidiaries. In 2021 Salice recorded net sales of approximately €216 million with exports to more than 90 countries.
Cobepa is an independent, privately held investment company with offices in Brussels, Munich and New York. Established in 1957, it is a well-recognized private equity investor, with over € 4.2 billion net asset value.
