A new main player has emerged in the Italian haircare and hairstyling sector – and it’s worth a cool €25 Million.
Continuing a growth plan begun in 2019, the professional hair beauty brand. Cotril SpA, has acquired a majority share in Tecna Italia, a company also operating in haircare and distinguished for its commitment to bio-cosmetics. For Cotril, this will mean the formation of an international group specialising in premium products carrying the ‘Made in Italy’ label. The acquisition is supported by Blue Ocean Finance and creates an important new player worth €25 Million.
To guarantee a smooth transition, the Tecna management team will remain in post and existing shareholders, Claudio Forbicioni, Fabio Angelini and Luca Torreggiani have been appointed to the Board of Directors.
Founded in 1995, Tecna is a Rome-based company with about 20 staff and a 2021 turnover of €5 Million. Cotril’s headquarters are in Bollate (Milan) and has over 60 staff. Its turnover is expected to reach €20 Million by the end of the current year.
“We are consolidating Cotril in the Italian and international markets, which we are opening quite quickly and with remarkable results,” comment Marco and Fabio Artesani, majority shareholders of the family holding. “Sustainability is our priority, which is why we are focusing on green and ethical beauty by promoting environmental issues and choosing natural raw materials and recyclable packaging. The acquisition of Tecna – a company whose success is founded on the synergy between technology and nature – is a further step towards bio-ethics and sustainable production.
Fabio Angelini Partner and CEO of Tecna Italia added: “We at Tecna are very pleased by the positive outcome we have achieved. We have always striven to be an outstanding company in the field of bio-ethic cosmetics. Driven by a financial strategy aimed at resource efficiency and at increasing the company value and promoting the innovation of the products, we are now starting a new phase in our growth that will make our products reach more and more global markets”.