ABK Group continues its investment programme
ABK Group, a company specialising in the ceramic sector with a revenue of €233 million in 2022, is continuing its growth and expansion strategy following the acquisition of Gardenia Orchidea and the French company Desvres two years ago.
The latest acquisition concerns the purchase of the business unit of the former Target Group of Fiorano Modenese, including its brands, plants and real estate consisting of a prestigious office building and a 6,000 square metre factory. As a result, the ABK Group’s portfolio now includes the brands 14 Ora Italiana and Fuoriformato, both positioned in the high-end segment with a strong focus on design and decoration and made-to-order production of artistic ceramics on large slabs.
At the same time, ABK Group has announced the start-up of the new line for the production of large extra-thick Full Vein 3D slabs at its Solignano plant, which is one of the most advanced and environmentally sustainable production facilities in the world.
The result of €20 million of investments in innovation and research, this technological upgrade will allow for the production of through-vein slabs with controlled digital blending of different coloured raw materials and will enable the group to reach an annual production capacity of 13 million square metres.
According to ABK Group’s Chairman Roberto Fabbri, “These operations will allow us to achieve the increase in size that we have been pursuing in recent years through an intense investment programme and to create a sales office with dedicated exhibition space for all the Group’s brands. It marks another important step in our process of repositioning ourselves in the luxury segment of the ceramic industry.”