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1/28/2003
SACMI and RIEDHAMMER join forces

Press Release

The Sacmi group and Riedhammer GmbH are forming a strategic alliance as an answer to further increasing globalization and customer demands. In a move to create this alliance, Sacmi, Italy´s largest manufacturer of plants for the ceramic industry, has acquired a minority participation in Riedhammer GmbH, the leading company for industrial kilns. In joining the forces of both organisations, Sacmi and Riedhammer intend to offer their customers the combined competence in complete production lines and advanced firing technology. Investment in research and development in both companies will be the driving force to meet the customers´ demand for enhanced solutions. The two companies will continue with their respective present organisations. All customer relationships will be maintained. KPMG Corporate Finance acted as exclusive financial adviser to Riedhammer GmbH.
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