RCF Group gains strategic partner
WORLD: Designed to accelerate current growth plans, Palladio Holding (PFH) has acquired a 30% stake in the RCF Group. Based in Reggio Emilia and Bologna, the RCF Group, which comprises both the RCF and dBTechnologies brands has grown significantly since RCF broke away from Loud Technologies in November 2003.
RCF Group CEO Arturo Vicari will continue to lead the management team together with CFO Remo Morlini and chairman Alfredo Macchiaverna. Vice president Nicola Iorio from PFH joins the management team in addition to PFH CEO Giorgio Drago and Nadia Buttignol.
‘We are excited to join RCF Group and eager to be able to make resources and complementary skills available to help achieve the development goals,’ commented Mr Drago. ‘RCF Group operates in a sector with excellent growth prospects.’
Mr Vicari noted that in PFH, RCF Group had found a partner with the expertise to help it achieve its business goals. ‘We know how to produce excellent sound and the success that we have had in recent years is confirmation of that, but now we have the support of a financial partner,’ the RCF Group CEO explained.