Economics by Tile International
ABK Group acquires Ceramiche Gardenia Orchidea
ABK Group, one of the top players in the world ceramic tile industry specialising in the production of high-performance large slabs, is continuing is process of expansion. Despite the difficult period for the global economy, ABK Group S.p.A. has completed the acquisition of the 100% share capital of Ceramiche Gardenia Orchidea S.p.A., a historic company that owns the Gardenia Orchidea and Versace Ceramics brands and posted a turnover of more than €38 million in FY 2019.
ABK Group has seen exponential growth since it was founded in 1992 and reported a turnover of more than €110 million in FY 2019. Combining cutting-edge design with state-of-the-art technological innovation, the company has two production facilities, one of which is a revolutionary slab production plant located in Solignano Nuovo (MO).
Founded in 1961, Gardenia Orchidea Group has played an important role in bringing the style and quality of Italian ceramics to over 100 countries worldwide. Along with its own Gardenia Orchidea brand name, since 1997 the company has also been distributing the exclusive Versace Ceramics Collection, an extensive product range that combines ceramic tiles with a collection of prestigious bathroom furnishings with the unmistakable style of the Versace fashion house.
“The Ceramiche Gardenia Orchidea Group brands are positioned in the same high-end segment of the market as our historic ABK, Flaviker and Ariana brands and the new ABK Stone and Materia brands devoted to large porcelain slabs in 12 mm, 20 mm and 30 mm thicknesses,” explains Roberto Fabbri, Chairman of ABK Group SpA. “This acquisition establishes us as one of the top players in the luxury segment of the ceramic industry and is part of a broader development strategy that includes investments in technology and innovation aimed at strengthening our leadership in the sector. The success of this growth strategy will be demonstrated by the Group’s total turnover, which we expect to reach €150 million in 2020.”