Briolf Group Acquires Aerosol Manufacturer Areco Italia

Image courtesy of Briolf Group.

The Briolf Group (Catalonia, Spain), a corporate group comprised of several industrial companies in the field of specialty chemicals, recently announced that it has agreed to fully acquire Areco Italia S.P.A. (Abbiategrasso, Lombardy, Italy), a company that specializes in the development and manufacture of aerosol paints for multiple sectors, including decoration, DIY, and industry. 

With the addition of Areco, an industry leader with more than 50 years of experience, Briolf now ranks among the top three European manufacturers of aerosol paints. With this transaction, Briolf will incorporate revenues in excess of €31 million (~$32.6 million), based on forecasts for 2022. 

The transaction also marks Briolf’s continued commitment to non-organic growth, initiated with the acquisition of Italian chemical manufacturer IMPA CAR S.R.L. in February. These acquisitions, along with an ambitious expansion and organic growth plan, will enable the company to double its turnover in the next few years as outlined in a strategic plan launched this year. 

According to Briolf Group management, with the acquisition of Areco “we are making an important quantitative and qualitative leap forward, since it provides a very significant volume of business in a sector that we consider to be key and, at the same time, strengthens our commitment to sector and geographic diversification, an element that is central to the Group’s philosophy.” 

In addition, the company’s increased presence in more countries and sectors “makes us more solid in the long term and protects us from the difficulties that different economic cycles can cause,” says management for the Briolf Group. “At a difficult time for the national and international economy, this model allows us to continue to grow abroad, while strengthening and generating value in all the companies we have in our country. Our team continues to grow and this makes us very proud.” 

The Briolf Group expects to close 2022 with organic growth of more than 20% and, following the integration of Areco, achieve a revenue of €220 million (~$231.7 million). 

Source: Briolf,