Salice

Salice is a leading Italian manufacturer of furniture hinges and adjacent high-quality functional hardware components for the high-end furniture industry. Founded in 1926 by Arturo Salice, the Group has three production sites in Italy and is present across the globe with 12 foreign subsidiaries.

6.7%

Ownership

2022

Investment year

Registered office
Novedrate, Italy
Business Sector
Industrials

Leading Italian manufacturer of furniture hinges and adjacent functional hardware components for the high-end furniture industry

The company started as a specialized producer of hinges focused on the premium furniture segment but successfully entered in adjacent markets for guides, sliding systems and accessories, thereby creating a comprehensive offering of high-quality products for manufacturers of kitchen furniture as well as producers of furniture cabinets and wardrobes. Salice holds a well-established position worldwide with a balanced sales mix across North America, Europe and Asia.

Investment thesis

  • Excellent design and innovation capabilities focused on premium products providing Salice with a strong positioning to benefit from the ongoing trends towards high-quality furniture
  • State-of-the-art vertical integrated production facilities enabling superior reliability and flexibility to react to changing market requirements
  • Premium positioning on mission-critical products coupled with long-standing customer relationships providing strong entry barriers
  • Opportunity to continue geographical expansion and to accelerate cross-selling opportunities with adjacent premium products
  • Primary deal situation with significant operational improvements achievable in the near-term

Achievements

  • Transitioning from founder management to new external management
  • Implementing new reporting structures and standards across the group
  • New sales organization with improved incentive structure and stronger presence in growing end markets
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