Gruppo Salice has acquired a minority stake (40%) of Bortoluzzi Sistemi.

Gruppo Salice (www.salice.com), based near Como (Italy), is a world leader in the designing and production of automatic concealed furniture hinges. The group has 430 employees, a 2010 forecast turnover of Euro 80 million with an Ebitda exceeding 20%. Export counts for 75% and covers 65 countries.

Bortoluzzi Sistemi (www.bortoluzzi.com), based in Belluno (Italy) manufactures solutions for closing and sliding furnishing elements. Forecast 2010 turnover is Euro 10 million with an Ebitda of about 20%. K Finance has advised the buyers