TA Associates to Acquire Surfaces Group from Astorg

August 6, 2020

TA Associates has signed a binding agreement to acquire Surfaces Group, the Italy-headquartered global supplier of abrasive tools and consumables, from private equity firm Astorg. Surfaces Group, based in Cenate Sotto, Italy, generates over €100 million in sales, employs more than 500 people across 13 production plants and multiple international subsidiaries, and the deal is expected to close in Q4 2020 subject to customary conditions.

Buyers
TA Associates
Targets
Surfaces Group
Sellers
Astorg
Industry
Manufacturing
Location
Lombardy, Italy
Transaction Type
Buyout

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