Alantra advised Landi Renzo on the sale of 18 Sound to B&C Speakers
Alantra has advised Landi Renzo, a listed Italian group engaged in the manufacturing of alternative fuel systems for the automotive industry, on the signing and execution agreement to sell 100% of 18 Sound, an Italian designer and manufacturer of high-quality speakers for professional use, to B&C Speakers.
Headquartered in Cavriago, Landi Renzo is the global leader in the LPG and NPG gas components and systems for motor vehicles sector. The company has over 60 years’ experience in the sector and in present in over 50 countries. In 2016 Landi Renzo reached sales of €184m and a market cap of around €180m. The disposal of 18 Sound is part of a strategic plan carried out by Landi Renzo to focus on its core business.
B&C Speakers, listed on the Italian Stock Exchange, is the Italian leading manufacturer of professional loudspeaker and acoustic transducers. Its 120 employees carry out all design, production, marketing and control activities at its headquarters in Florence. In 2016 B&C had sales of €37.0m. and a market cap of €120m.