Corob Group Acquires Corob Service

Corob Group announces the acquisition of Corob Service, their exclusive distributor and equipment service provider in Spain, Italy and Portugal. The acquisition of Corob Service adds strategically and concludes a successful year for the Corob Group.
 
Corob Service has held the exclusive rights to sell and service Corob equipment in Spain since 1994, in Italy since 2006 and in Portugal since 1999. From their locations in Ripollet, near Barcelona (Spain), Finale Emilia, near Modena (Italy) and Maia, near Porto (Portugal), Corob Service has grown very rapidly, gaining market share and becoming a highly valued partner for both customers and the Corob Group in these three countries.
 
Headquartered in San Felice sul Panaro, Italy, the Corob Group is a leading global supplier of advanced tinting equipment and services for the paints and coatings industry. During 2017, the business achieved double-digit sales growth and strengthened their product and technology portfolio by closing the acquisition and integration of Novaflow, a specialist manufacturer of in-plant gravimetric fluid and paste dispensing and blending systems for the paint, ink, chemical and other market segments.
 
“We are excited to welcome our friends and colleagues of Corob Service to our business,” said Fernando Bertoni, president and CEO of Corob. “Both companies have very strong reputations for after-sales service, so combining our capabilities, sharing knowledge and developing best practices will allow us to support customers not just in Spain, Portugal and Italy but will also enhance our service value proposition to our customers all around the world. In addition, the integration of Corob Service, a valuable partner for many years, will deliver even stronger growth opportunities in existing and new market segments.”
 
“This transaction will strengthen what is already a very productive relationship between our two companies,” said Miguel Ruiz Ortiz, CEO of Corob Service. “Our relationship has always been strong, but this step will bring even more value by creating a seamless link for our respective customers so that we can meet their needs even faster and more efficiently. Like the Corob Group, we have always shared a strong commitment to aftersales service, and I believe that the approach, skills and experience that Corob Service has developed will set the combined business far ahead of any other player in the market.”
 
“We are thrilled about our first full year with the Corob Group,” said Valentina Franceschini, board member of Corob and Senior Partner at Wise SGR. “A strong organic sales performance across all geographies and the completion of two acquisitions are clear evidence of the superior growth potential that the Corob Group can unleash in the future. The Corob Service acquisition is consistent with the Board’s commitment to further invest for the long-term future of Corob by bringing key capabilities, developing game changing technologies as well as improving on how we serve our customers every day.”