The group has completed its new technology hub in Solignano and purchased the former Target Group premises in Fiorano Modenese, which will house offices and showrooms for all the group’s brands.
ABK Group, one of the leading players in the Italian ceramic industry with revenues of €233 million in 2022, is pressing on with its growth and expansion strategy. Following the acquisition of Gardenia Orchidea and the French company Devres two years ago, the group led by Roberto Fabbri has announced the purchase of the business unit of the former Target Group of Fiorano Modenese, including the brands, equipment, the prestigious office building and the 6,000 square metre factory. As a result, the ABK Group’s portfolio now includes the brands 14 Ora Italiana and Fuoriformato, both positioned in the high-end segment with a strong focus on design and decoration and made-to-order production of artistic ceramics on large slabs.
In parallel with the acquisition announced at the beginning of July, the new line for the production of extra-thick large Full Vein 3D slabs began operation in the ultra-modern ABK plant in Solignano (Modena). The result of €20 million of investments in innovation and research, this technological upgrade will allow for the production of through-vein slabs with controlled digital blending of different coloured raw materials and will increase the group’s production capacity to 13 million square metres per year.
According to ABK Group’s Chairman Roberto Fabbri, these operations:
“will allow us to achieve the increase in size that we have been pursuing in recent years through an intense investment programme and to create a sales office with dedicated exhibition space for all the Group’s brands. It is another important step in our process of repositioning in the luxury segment of the ceramic industry.”