The Galliani Group, a Bologna-based company specializing in the processing of silver, copper, and aluminum, has recently completed a significant acquisition in Paris.
They have acquired the Franco-English company Thessco Sas, a key player in the niche market of silver brazing alloys and industrial silver products, with a 2023 revenue of 18 million euros.
Thessco's production site in Sheffield will see its machinery relocated to Galliani's two plants in the Apennine region, between Vergato and Grizzana Morandi.\n\nThis acquisition is a strategic move for Galliani, allowing them to shift focus from semi-finished metal production, where they are already leaders, to the business of applied products and distribution.
This transition is expected to bring higher margins and growth opportunities.
The president of Galliani, representing the fourth generation of the family business, emphasizes that this marks an epochal strategic shift.
The company, which has a revenue of 250 million euros and 250 employees, has already invested 30 million euros in the past three years to expand production facilities and machinery.\n\nThe acquisition will also bring added value and innovation to the economically fragile Apennine region, where Galliani has been operating for over 120 years.
The company has a long-standing commitment to sustainability, both economically and environmentally, predating the global focus on ESG and CSR. The reputation and reliability of Thessco in Europe for industrial silver products will help drive product and market synergies, further enhancing Galliani's market position.\n\nAspects Critici e Questioni Potenziali:\n- Integration of Thessco's machinery and operations into Galliani's existing plants.\n- Maintaining Thessco's market reputation and customer base during the transition.\n- Managing the strategic shift from semi-finished products to applied products and distribution.\n\nTrappole ed Errori Tipici:\n- Underestimating the complexity of integrating a foreign company.\n- Overlooking potential cultural and operational differences.\n- Failing to effectively communicate the strategic shift to all stakeholders.