Altecnic’s parent company, Caleffi, has acquired Cristina for an undisclosed sum.
Cristina is an Italian firm that works under the trademarks Cristina Rubinetterie and SILFRA and has been producing top-end taps and fittings since 1949.
This was a momentous business deal between two entrepreneurs – Marco Caleffi and Alberto Cristina – and the two reached a full agreement on all aspects.
Group chairman, Marco Caleffi, said: “Cristina is a solid brand with an amazing background, a high product positioning and a reputation for innovation and fine design both in Italy and abroad. This is why as a brand Cristina deserves to be guided and steered along a path of progressive growth which will protect its product and brand identity.”
Daniele Mazzon, newly appointed general manager of Cristina Srl, said: “It is our firm intention to keep Cristina’s Italian distribution and commercial network separate from Caleffi’s. But we are convinced that pooling our strengths to some extent and drawing on Caleffi’s well-established logistics network on foreign markets will prove to be an excellent opportunity for Cristina to evolve and explore new openings.”
Alan Sherwin, managing director of Altecnic, added: “This new group acquisition is very exciting news for the future development of the Cristina brand here in the UK and the product offering and services to its customers.”