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Briolf USA LLC, subsidiary of Spanish group Briolf, will build its first U.S. manufacturing facility in Monroe, Union County, North Carolina. The company will invest $30.5 million and create 100 jobs.
Spanish Briolf Group announced an agreement to acquire 100% of the shares of Italian company Areco, a specialist in aerosol coatings for decorative and DIY industries.
Briolf Group acquired 100% of Areco Italia, a manufacturer of aerosol paints based in Abbiategrasso, Italy. The acquisition will add over EUR 31 million in revenue to Briolf Group.
Briolf Group acquired Italian specialty chemicals company Impacar in February 2022 to strengthen its position in surface beautification, repair and protection markets.