CASTEL GOFFREDO, Italy – Coemar S.p.A. announced a new majority shareholder: Salvatore Grillo, 37, who was also named Sole Administrator of the company. Mezzanine Management UK Ltd (now MML Capital Partners), the private equity fund that acquired Coemar 10 years ago, remains as a minority shareholder. Grillo promised a new era for the company as it returns to Italian ownership. “Coemar really wants to be young at the age of 80!” Grillo said.
More details from Coemar (www.coemar.com):
Coemar’s New Italian Ownership to Embark on a New Challenge
Castel Goffredo, ITALY – Coemar S.p.A. has a new majority shareholder – Salvatore Grillo – who will immediately take up the role of Sole Administrator as well.
Ten years after being acquired by the private equity fund Mezzanine Management UK Ltd (now MML Capital Partners), the company with a long history in the field of entertainment lighting again has an Italian majority shareholder.
Salvatore Grillo, a 37-year old entrepreneur who, after accumulating his professional experience in a wide variety of companies in Germany and the United Kingdom, has decided to undertake a new challenge at the head of Coemar, alongside the renewed commitment of MML Capital Partners, which remain as minority shareholders.
“After nearly 15 years abroad, I’m pleased to be able to sustain an Italian firm that is a real ambassador of the ‘Made in Italy’ in over 70 countries,” says Salvatore Grillo. He goes on to clarify the reasons behind his decision: “A name, and a near 80-year string of success stories, enviable product skills that are well recognized by the market, a talented team that wants to express itself and constantly improve in an interesting and diversified field that’s undergoing the huge transformations of the global market.”
Coemar’s mission is to confirm its role as a leader in the market. “In a world that’s getting smaller and smaller,” says Grillo, “it’s essential to be able to listen to the customer and adapt quickly. The age of the Internet has made it necessary to think differently, and those who aren’t able to adapt will be completely lost in a couple of years.”
Coemar aims to offer innovation, quality, and guarantees of a 100 percent Italian product, together with a fast, competitive after-sales service in line with the requests of the market. “Coemar really wants to be young at the age of 80!” he says.
The company’s plans include the development and support of the distribution network, with a stronger presence in the emerging markets thanks to versatile innovation products designed with an eye to reduced consumption and energy savings.
