Sira Group Receives €12M Equity Investment from Fondo Italiano di Investimento

Sira Group SpA, a Rastignano, Bologna, Italy-based manufacturer of radiators for heating, has received €12m equity investment from Fondo Italiano di Investimento.

Fondo Italiano will own a minority stake in the group, which was founded from the Gruppioni family in 1959. Today the company, employs approximately 800 people in its facilities in Italy, China, Romania and San Marino Republic, and has a turnover of €46m.

The investment is expected to help Sira grow both organically, to increase its current capacity, and through acquisitions, to expand its product offerings and customer base.
The company recently bought certain assets of Faral SpA, which manufactures radiators, and has already started talking to acquire a business active in the field of die-casting in aluminum.



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