KRCV Srl, totally controlled by the Top Managers of Inkmaker Group Christophe Rizzo, (AD Italy), Valentina Cigna (President Italy), Roberto Guerra (Md Asia) and Kar Seng (GM Great China) have successfully concluded the Management Buyout of 100% of the shares of Inkmaker Srl. The company is active in the manufacture of high precision dispensing stations for ink and paint products.
The Group, founded in 1987 by Giuliano Cigna, Carlo Musso and Luciano Longobardi, employes more than 90 people. Over 30 years of activity, the Group has strengthened its presence on international markets creating several branches in Europe, North and South America, Asia and Australia. The headquarters is located in San Gillio, Turin district.
Following the strategy adopted till today by the Top Managers, the development plan is forecasting an organic growth in the areas where the Company is present and takes into account investments not only in new territories but also in new sectors where absolute dispensing accuracy is required. Additionally, to further consolidate its leadership in the in-plant systems, the management is considering acquiring new technologies and customers’ portfolios.
“The conclusion of this operation is for us a source of pride – according to Inkmaker’s Top Managers – and represents a challenge to continue in the path of social and economical development and growth in the Company that we have been managing for the last 20 years. We wish to thank Carlo Musso, Luciano Longobardi and the Cigna Family for trusting us over all these years.”
“Selling our own business is never an easy choice – declare unanimously the vendors, Carlo Musso, Luciano Longobardi and the Cigna Family – but we are glad to have received an offer from people grown within our Company. We wish at least another 30 years of prosperity and success to Inkmaker.” In 2017, the Group reported around € 16,5M in consolidated revenues with EBITDA of € 2,1M circa, and no financial debt(s)
During the acquisition, KRCV has been conducted by Mr Paolo Operti of studio BNO – Torino and financially by ICCREA Banca Impresa with M Francesco Piano , assisted by Gianni Vettorello of DWF Italy. The Managers have been supported by ADB Corporate Advisory with Mario Bottero as financial Advisor and by Pavesio & Associati with the Lawyer Carlo Peyron for the legal aspects. The Group’s financial statements have been audited by Deloitte & Touche in 2017.