Founded in 1975 in Domodossola (Verbania), International Chips S.r.l. is a leading manufacturer of abrasive products for polishing and mass-finishing applications. A major consolidation of its market position occurred in 2006, when it spawned the ECOS system; such system allows customers to attain optimal results avoiding the use of chemicals and water. As a matter of fact, International Chips is currently the only manufacturer of this system. Finally, International Chips has a long-lasting commercial collaboration with C. Besati.
Ethica Corporate Finance advised the shareholders of International Chips S.r.l. and C. Besati & C. S.r.l. in the sale of the two companies to Surfaces, a leading player in the market for abrasive products for polishing and mass-finishing applications. Surfaces, which was recently acquired by the French fund Astorg, is currently one of the largest players in the sector.
“The acquisition of International Chips by Surfaces will create strong synergies and new opportunities”, as stated by Paolo Besati and Alessia Sarazzi of International Chips. “We are enthusiastic about joining such a large group, and we believe that, thanks to its organization and its wide commercial network, it will provide us with the opportunity to live up to our potential in the world market”.
“We are very pleased with International Chips entering such a successful group as Surfaces” added Carlo Besati and Adriano Sarazzi “Thanks to Ethica support in finding the best counterpart on the market, among financial players and industrial ones, our sons will be able to step in the company management and make a great move forward for their careers”.