LBO France, Tiama group management and employees have reached an agreement with Atria Capital Partners and Verrela management for the takeover of Verrela by Tiama, thereby bringing together MSC and SG…
LBO France, Tiama group management and employees have reached an agreement with Atria Capital Partners and Verrela management for the takeover of Verrela by Tiama, thereby bringing together MSC and SGCC. By joining the strengths of their respective groups, Edouard Marienbach, president of the Board of Tiama, and Luc Boulant, president of the Board of SGCC, have made Tiama group into the world leader in vision-based inspection systems, setting the standard in the fields of hollow glass, automotive, food and beverage inspections and now, the ophthalmic industry. The increase in size will significantly broaden the R&D potential and the range of services world-wide for Tiama group customers. With three main sites in France (Lyon, Rennes and now Gennevilliers) Tiama is also present further afield with subsidiaries in Belgium, Germany, Spain, USA and China and an office in Russia. In 2007, the group achieved sales of nearly EUR 110 million, 85% of which were exports. Tiama dedicates 10% of its revenue to R&D, to develop new vision technology equipment for on line inspection and quality control, consumer safety, brand protection, and traceability The new structure of the Tiama group will have the organisation and resources to provide a comprehensive range of services in all its markets and have a strong presence with staff based in France, Germany, Spain, Russia, USA, Central America, South America, China and soon South Africa. The group now has 5 business units; MSC, SGCC and Visiglas make up the hollow glass industry unit. Luc Boulant and Edouard Marienbach decided that MSC and SGCC should join forces in the hollow glass container inspection field to provide even more effective solutions for the glass market, including increased research and development capacity, greater reactivity, a more comprehensive range of products and services as well as a more extensive network with 250 employees working together and contributing to the success of the Tiama group. The Tiama group was created in 2003 for the leveraged buy out of MSC. Tiama acquired Edixia in 2006 and completed its second leveraged buy out in 2007. The employees have always owned a large proportion of the group“s shares, as was the case for SGCC group, 30% of whose capital is held by the management and employees. This commitment to the project is strongly encouraged by the management of both groups. The involvement of the personnel is one of the key factors in Tiama“s success.