Santarcangelo di Romagna, 3 August 2021 – PAI Partners (“PAI”), a pre-eminent private equity firm, through its fund dedicated to mid-market opportunities, PAI Mid-Market Fund (“PAI MMF”), today announces that it has agreed to acquire Scrigno, a leading opening solutions player, from the fund Clessidra Capital Partners 3, managed by Clessidra Private Equity SGR (“Clessidra”)..
Headquartered in Sant’Ermete (Rimini), Scrigno is a leading fully integrated opening solutions player in Europe. With a primary focus on residential applications, Scrigno operates through three business units: counter-frames, security doors and performance products. The company is the European leader in the counter frames for pocket doors market and is renowned for its strong brand and excellent quality of its products. Scrigno employs over 300 people and operates five manufacturing facilities in Italy.
During its time under Clessidra management, Scrigno reinforced its management team by taking on new staff, completed the integration and repositioning of its security door division, entered the automatic gasket sector with the acquisition of CCE, and grew its business internationally.
PAI will support Scrigno's management in their plans for continued growth, including further consolidation in the fragmented market for opening systems and the diversification of its product portfolio.
