Dundee Sarea has acquired a majority stake in Redecam Group S.r.l. in partnership with the company’s founder and chairman, Guiseppe Bettoni. Based in Milan, Italy, Redecam provides highly engineered air filtration and gas treatment solutions for the cement, power generation and waste-to-energy industries, delivering custom filtration solutions to more than 200 customers across 75 countries over the last 15 years. Dundee Sarea is a private equity firm that focuses on special situations with the aim of driving meaningful change and growth.
“Founded in 1984, the company has historically generated significant repeat business from the majority of multi-national cement producers and as a result, has a very globally diverse sales base with over 95% of revenues generated outside of Italy and over 80% outside of Europe,” said Sam Ramadori, Managing Partner of Dundee Sarea. “The key to Redecam’s success has been its unique filtration technologies that allow it to provide retrofit solutions to existing filtration equipment at a lower cost and higher performance level than its competitors that typically sell more expensive ‘new equipment only’ solutions.”
“In Dundee Sarea we found not only a partner who understood the advantages of our air filtration technology and the long-term potential of the air treatment market, but also a partner who will be able to support us as we expand internationally into new markets and new product segments,” added Bettoni.
“We have a specific focus on the manufacturing sector and we have only recently begun to approach the North American market,” stated Barry Downing, Managing Partner of Dundee Sarea. “In partnership with Redecam Group’s senior management team, we see the opportunity to grow sales significantly through the development of new product lines, and after-sales services along with spare parts. We look forward to working with the Redecam team to develop the company into a multi-line air filtration and flue gas treatment solution provider, both organically and through add-on acquisitions.”
Keep an eye out for World Cement’s upcoming September 2014 issue, which will feature an article by Richard Davies, Redecam USA, LLC, on the benefits and methods of process exhaust gas conditioning.
Adapted from press release by Louise Fordham
Read the article online at: https://www.worldcement.com/europe-cis/21082014/dundee-sarea-acquires-redecam-group-334/