Livingstone has acted as exclusive financial advisor to SAIB S.p.A. (”SAIB”), a leading Italian manufacturer of raw and melamine-faced chipboard panels, known for its commitment to innovation and environmental sustainability, in connection with its sale to the Egger Group, a global manufacturer of wood-based materials.
Founded in 1962, SAIB is one of Italy’s foremost producers of raw particle boards (RBP) and melamine-faced chipboard (MFC). The company operates a single, highly specialized facility in Caorso (PC), employing over 200 people and producing approximately 600,000 cubic meters of raw chipboards annually. For nearly three decades, SAIB has been a pioneer in the circular economy, using 100% recycled wood in its production processes.
Established in 1961, the Egger Group employs approximately 10,800 people across 20 plants worldwide, producing a wide range of wood-based products, including chipboard, OSB, and MDF panels. In its 2021/2022 fiscal year, Egger generated € 4.23 billion in turnover, serving customers globally across the furniture, interior design, construction, and flooring industries.
By joining the Egger Group, SAIB is now positioned to further enhance its production capacity, expand its product offering, and strengthen its market position, all while benefiting from Egger Group’s global scale, technological know-how, and financial resources. The deal also includes a governance structure designed to preserve SAIB’s entrepreneurial spirit and corporate identity, with the founding shareholders remaining in active leadership roles.
“This integration represents a strong strategic fit for both parties. SAIB’s deep roots in innovation and environmental responsibility perfectly complement Egger’s international scale and long-term vision,” commented Luca Maccagnani Castelli, Managing Partner at Livingstone. “Livingstone managed all phases of the transaction with the utmost confidentiality in a one-to-one process.”
“The integration of our company into the international Egger Group is a key part of a development project that will bring significant benefits to our production processes, as well as to our employees and collaborators.” said Giuseppe Conti and Sergio Doriguzzi – SAIB shareholders. “We will gain from the experience and network of a large group that has always prioritized production improvement and the pursuit of product quality.”
This transaction highlights Livingstone’s track record in cross-border industrial M&A and its ability to support family-owned businesses through complex and strategically sensitive transitions.
