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Altadia confirma la venta de la compañía a un fondo norteamericano / Carlyle to acquire Altadia Group from Lone Star

El nuevo dueño se asocia con el actual equipo directivo, liderado por Vicente Bagán y Antonio Blasco

  • Altadia confirma la venta de la compañía a un fondo norteamericano
    El estand de Esmalglass-Ítaca en la última edición de Cersaie. (CABRERIZO)
28.12.2021 10:22

La firma global de inversión Carlyle ha anunciado que ha alcanzado un acuerdo para la adquisición de Altadia Group a una filial de Lone Star Funds (Lone Star). De esta manera, Carlyle se asociará con el actual equipo directivo, liderado por Vicente Bagán y Antonio Blasco, los socios fundadores de Itaca. La transacción está sujeta a las aprobaciones regulatorias habituales y su cierre se espera para el primer semestre de 2022.

Con sede en Castelló, Altadia es el mayor fabricante de materiales para la industria del azulejo a nivel global. El grupo, creado en 2021, es el resultado de la integración de Esmalglass-Itaca y Ferro Tile Coatings, y cuenta con una posición de liderazgo en la industria de pavimentos y revestimientos cerámicos, que incluye la producción de fritas, esmaltes, colores y tintas.

Altadia da servicio a una diversificada base de clientes a nivel global, entre los que se encuentran los principales productores internacionales de baldosas y cerámicas. Además, emplea a más de 3.600 personas en 19 países a través de una red de fabricación global que incluye 32 plantas de producción y 19 centros de distribución.

Carlyle apoyará a Altadia en la aceleración de su plan de crecimiento, mediante el desarrollo de su plataforma líder de I+D, y a través de adquisiciones estratégicas para ampliar su presencia en los mercados internacionales.

Vicente Bagán, CEO de Altadia, dijo: “En los últimos cuatro años, Altadia ha logrado transformarse en un líder global en su sector, gracias al fuerte espíritu emprendedor de la compañía, a su oferta única de servicios y a sus sólidas relaciones con una base de clientes altamente diversificada y global. Queremos agradecer a Lone Star por su apoyo y colaboración, especialmente durante la fusión de Ferro con Esmalglass, ya que conjuntamente hemos trabajado en el posicionamiento de la compañía para lograr un crecimiento sostenible en el futuro. Para nosotros es un placer contar con un socio como Carlyle para seguir avanzando en nuestros objetivos estratégicos de crecimiento”.

Alex Wagenberg, Managing Director en Carlyle Europe Partners, declara que “la compañía nos ha resultado especialmente atractiva tanto por su sólida trayectoria en el lanzamiento de productos y tecnologías innovadoras y exitosas, así como su posición de liderazgo en un mercado en crecimiento, como es el de pavimentos y revestimientos cerámicos. Además, el grupo ha realizado inversiones en materia de innovación y sostenibilidad que la hacen especialmente interesante. La compañía goza de una gran reputación entre sus clientes, gracias a la producción de soluciones de alta calidad que buscan transformar espacios y superficies de nuestro día a día. Estamos encantados de poder trabajar con Vicente y su equipo, y confiamos en aprovechar nuestra dilatada experiencia en el desarrollo de empresas químicas especializadas para diversificar el negocio en nuevas áreas de crecimiento”.

Por su parte, Donald Quintin, presidente de Lone Star Opportunity Funds, explicó: “Queremos felicitar al equipo directivo y a los empleados de Altadia por los grandes logros alcanzados a lo largo de los últimos cuatro años, y, sobre todo, por los productos de calidad y las innovaciones que han conseguido hacer llegar a sus clientes de todo el mundo. Gracias al entusiasmo y a la dedicación que caracteriza a la cultura de Altadia, y a su sólida presencia global, la empresa está preparada para aprovechar las numerosas oportunidades que se presentan. Le deseamos lo mejor a todo el equipo”.

Global investment firm Carlyle (NASDAQ: CG) announced today that it has agreed to acquire Altadia Group (“Altadia”) from an affiliate of Lone Star Funds (“Lone Star”), partnering with current management, led by Vincente Bagan and Antonio Blasco, the original founders of Itaca. The transaction is subject to customary regulatory approvals and is expected to close in H1 2022.

Headquartered in Castellon, Spain, Altadia is the largest global manufacturer of intermediate products for the production of ceramic tiles. The group, formed in 2021, was created as a result of the transformational merger between Esmalglass-Itaca and Ferro Tile Coatings, consolidating its leading market position across all ceramic specialties, including the production of inkjet inks, body stains, glaze stains, and frits & glazes. Servicing a diversified base of global customers, including international leading ceramic tile producers, Altadia employs more than 3,600 people across 19 countries with a global manufacturing footprint consisting of 32 production plants and 19 distribution centres.

Carlyle will support Altadia in accelerating its growth plan through the development of its leading R&D platform, and through strategic acquisitions to expand its presence further in international markets.

Vincente Bagan, CEO of Altadia, said: “Over the last four years, thanks to the company’s strong entrepreneurial spirit, unique service offering, and its long-standing relationships with a highly diversified and global customer base, Altadia has succeeded in transforming itself into a global market leader. We thank Lone Star for their support and partnership, particularly through the merger of Ferro with Esmalglass, as we focused together on positioning the company for future sustainable growth. We are delighted to partner with Carlyle as we look to advance our strategic growth objectives.”

Alex Wagenberg, Managing Director of the Carlyle Europe Partners advisory team, said: “We have followed Altadia’s success for a number of years recognising its strong track record of launching innovative and successful products and technologies, its market-leading position for tile coatings in a growing ceramics industry, and the investment it has made in its innovation and sustainability journey. The company has a strong reputation with its customers for its production of high-quality solutions that look to transform everyday spaces and surfaces. We are excited to partner with Vicente and his team and look forward to leveraging our significant expertise in scaling specialty Chemicals businesses to diversify the business into new growth areas.”

“We congratulate the management team and Altadia employees for their many accomplishments over the last four years, most importantly the quality products and innovations they have been able to offer their customers around the world,” said Donald Quintin, President, Lone Star Opportunity Funds. “Thanks to the energy and dedication that permeates the Altadia culture, and its strong global footprint, the company stands ready to embrace the many opportunities ahead. We wish the whole team well.”

Headquartered in Castellon, Spain, Altadia is the largest global manufacturer of intermediate products for the production of ceramic tiles. The group, formed in 2021, was created as a result of the transformational merger between Esmalglass-Itaca and Ferro Tile Coatings, consolidating its leading market position across all ceramic specialties, including the production of inkjet inks, body stains, glaze stains, and frits & glazes. Servicing a diversified base of global customers, including international leading ceramic tile producers, Altadia employs more than 3,600 people across 19 countries with a global manufacturing footprint consisting of 32 production plants and 19 distribution centres.

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Global Investment Solutions. With $293 billion of assets under management as of September 30, 2021, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs more than 1,800 people in 26 offices across five continents.

Lone Star, founded by John Grayken, is a leading private equity firm advising funds that invest globally in real estate, equity, credit and other financial assets. Since the establishment of its first fund in 1995, Lone Star has organized 21 private equity funds with aggregate capital commitments totaling approximately $85 billion. The firm organizes its funds in three series: the Commercial Real Estate Fund series; the Opportunity Fund series; and the U.S. Residential Mortgage Fund series. Lone Star invests on behalf of its limited partners, which include institutional investors such as pension funds and sovereign wealth funds, as well as foundations and endowments that support medical research, higher education, and other philanthropic causes.