Milan, May 30, 2022 - AMF SpA has finalized the acquisition of Italcatene Group (Italcatene SpA and Italfinish Srl) from the Tozzi family, which will reinvest in the group and continue to play its management role in coordination with the AMF Group           management team.

Italcatene Group, headquartered in Monte San Savino (AR) and founded by the Tozzi family in 1987, is one of the leading players in the production of chains for the fashion and luxury industry. 

The industry is characterized by high barriers to entry, linked to technical expertise, gained over generations of history, and huge investments required to offer complex products. The short time-to-market, combined with superior products quality, continuous innovation and sustainability, required by the fashion and luxury maisons find a perfect response in the combination of companies with solid foundations and common missions. The acquisition of Italcatene will further reinforce AMF group’s competitive positioning, establishing the first player able to combine metal chains with a wide range of finishing, shapes and materials, leveraging on the unique flexibility and creativity of AMF Group.

The acquisition of Italcatene (about 14M€ turnover in 2021) by the AMF Group, which in 2021 generated revenues of ca. 70M€, will in fact allow the development of important production and commercial synergies, launching a new growth phase, whereas AMF Group will continue to play its role in the consolidation process of a market still fragmented and under an inescapable evolution.

Mauro Tozzi, CEO of Italcatene Group, stated:

"Today is a big day for us, the Tozzi family. We have chosen the Group with which we will continue our journey: the choice was as calibrated as it was spontaneous. The synergies starts from being in tune, and under this assumption we begin our journey with the AMF team, with enthusiasm."

Carmen Toffanello, CEO of AMF Group said:

"With genuine enthusiasm we welcome the Tozzi Family and the entire Italcatene team into our Group. In the context of continuous consolidation in our industry, it is vital to know how to design the future of our manufacturing and the continuation of our history.

Our companies are joining to extend sustainability to additional product categories, to feed our group with complementary know-how, but above all to make flourish a new art, a vital soul and indispensable element.

We thank the Tozzi family for the trust in us and Alpha for supporting our project preserving its entrepreneurial coherence."

AMF was assisted in the transaction by Pedersoli Studio Legale, Studio Legale Gattai, Minoli, Partners, Alvarez & Marsal and Essentia. Tozzi family was assisted by Maurizio Cerofolini and Michela Tozzi.

Alpha is a private equity group with €2bn under management, specializing in mid-cap operations in continental Europe. Alpha joins entrepreneurs and managers in their growth projects, mainly as a majority shareholder. In Italy, in addition to the AMF Group, Alpha's portfolio includes Laminam (a leader in the global market for large-size ceramic slabs), Caffitaly (manufacturer of espresso coffee machine/capsule systems), Calligaris (a leader in the global market for high-end living & dining furnishings with Italian design), Remazel Engineering (designer and manufacturer of special equipment for the oil & gas sector), and Optima (multiutility with integrated energy and telecommunications offerings).

For further information:

iCorporate

Sergio Pisano: +39 02 4678752; +39 348 3113187