CFE Finance SA acted as sole financial advisor for the sale of Todini and Co. S.p.A.

Umicore SA, the Belgium-based materials technology group, has agreed to acquire 52% stake in Todini and Co. S.p.A., the Italy-based company engaged in distribution of industrial chemical products from Todini Group S.p.A.

The company, based in Monza, Italy, has six subsidiaries outside Italy and is a European leader in the distribution of industrial chemical products. Its customers serve a variety of industries including surface treatment and plating, pigments, glass & ceramics and animal nutrition.

Todini and Co. reported a turnover of EUR 125m for the year 2013 and employs 38 people.

Francesco dell’Elmo, Managing Director and Head of Entrepreneurs Advisory at CFE Finance SA, a financial boutique based in Geneve and specialised in Trade Finance, Asset Management and Entrepreneurs Advisory, acted as sole financial advisor for the Todini family assisting them in the process of sale of Todini and Co. S.p.A.