Tenax acquires NEST

Tenax’s acquisition of Nest last December will allow the Volargne-based group to offer a complete range of calibration and polishing solutions..

As part of its development and growth strategy, Tenax (Volargne, Verona) recently acquired NEST, a company specialising in the production of metal and resinoid-bonded diamond tools for calibrating, smoothing and polishing.

The acquisition, completed in in December 2023, will enable both Tenax and NEST to broaden their existing range of tools and will strengthen the group’s positioning through strategic synergies in terms of R&D, production capacity and market presence. Alessandro Nicolai will stay on as CEO of NEST to ensure management continuity.

With these shared assets, detailed knowledge of the industry and a constant focus on innovation, the two companies aim to further improve their performance in a market that demands increasingly exacting standards.

Alessandro Nicolai, CEO of NEST, emphasised the Nicolai family’s firm belief in this project, as demonstrated by its significant reinvestment in Tenax. “This strategic alliance will enable NEST to take a new and important step forward and adapt to the current dynamics of the global market, thus becoming even more comprehensive and competitive,” he explained.

“The NEST initiative is part of Tenax’s comprehensive, multi-year global investment strategy, with the aim of establishing an Italian hub of excellence for services and products in the stone and surface processing sector,” explained Alessandro Ferrari, CEO of Tenax.

The project includes Tenax’s recent acquisition of TPM, a Verona-based company specialising in the production of tools for stone polishing, and the increase in its ownership of the American joint venture Weha USA to 100%.

Tenax has more than 65 years of experience in the production of chemicals, abrasives and tools for the treatment of natural stone, quartz and ceramics and offers innovative technological solutions for surface processing and treatment. It has 6 branches spanning 4 continents and distributes its products in more than 100 countries worldwide.