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Home  > Markets & companies  > Coatings market  > Lechler acquires control of the I.V.E. Group

Saturday, 21 September 2019
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Markets & companies, Coatings market

Lechler acquires control of the I.V.E. Group

Friday, 5 July 2013

With the acquisition of the Brazilian furniture coatings producer, Italian company Lechler expands its activities in South America.

The IVE Group headquarters in Paraì, Brazil. Source: Lechler S.p.A.

The IVE Group headquarters in Paraì, Brazil. Source: Lechler S.p.A.

Lechler S.p.A. has acquired control of I.V.E. Industria Vernici Fermo Galbiati & C. S.r.l., controlling 80 % of IVE do Brazil. Europe is the natural territory of expansion for the Italian coatings producer, but the structural crisis in the EU market has pushed the Company towards other development projects in other continents through. "Since more than one year there is an efficient technological cooperation between Lechler Tech and Ive do Brazil”, says Dr Aram Manoukian, President of Lechler S.p.A. "Now we have turned the technological cooperation into a 360 degree cooperation. We are sure that this action will bring a favorable step to a further development of the Brazilian market with the introduction of the LechlerTech product line for Industry; we will study and implement all the possible synergies on the European markets in the aim of facing the difficult actual situation.”

The IVE Group has been working in the international coatings market for furniture since 1941 and generates a total turnover of around EUR 20 million. Half of the company’s turnover comes from the Brazilian market and 30 % from Italy. About 90 people work in the Group at the two production sites in Seregno, Italy and in Paraì, Brazil.

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