Coemar – New Italian Ownership To Embark On A New Challenge

Coemar S.p.A. has a new majority shareholder - Salvatore Grillo - who will immediately take up the role of Sole Administrator too. 

Ten years after being acquired by the private equity fund Mezzanine Management UK Ltd (now MML Capital Partners), the company with the longest history in the field of entertainment lighting again has an Italian majority shareholder. 

Salvatore Grillo, a 37-year old entrepreneur who, after accumulating his professional experience in a wide variety of companies in Germany and the United Kingdom, has decided to undertake a new challenge at the head of Coemar, alongside the renewed commitment of MML Capital Partners, which remain as minority shareholders. 

“After nearly 15 years abroad, I'm very pleased to be able to sustain an Italian firm that is a real ambassador of the “Made in Italy” in over 70 countries”, said Salvatore Grillo. He goes on to clarify the reasons behind his decision: “A name, and a near 80-year string of success stories, enviable product skills that are well recognised by the market, a talented team that wants to express itself and constantly improve in an interesting and diversified field that's undergoing the huge transformations of the global market.” 

Coemar's mission is still to confirm its role as a leader in the reference market. “In a world that's getting smaller and smaller,” said Grillo, “it's essential to be able to listen to the customer and adapt quickly. The age of the Internet has made it necessary to think differently, and those who aren't able to adapt will be completely lost in a couple of years.” 

Coemar's future aim will be to offer innovation, quality, and guarantees of a 100% Italian product, together with a fast, competitive aftersales service in line with the requests of the market. Coemar really wants to be young at the age of 80!”

The company's plans include the development and support of the distribution network, with a stronger presence in the emerging markets thanks to versatile innovation products designed with an eye to reduced consumption and energy savings.

37-year old entrepreneur Salvatore Grillo began his carrier as a controller in Pirelli. He subsequently took on a managerial role in business consultancy for a German company with clients around Europe (in particular in Germany, Italy, Austria, Poland and Romania) and in the USA too. His last post before coming to Coemar was as a senior investment manager in a London based  investment fund specialised in turnaround across Europe. There, he acquired notable experience in both financial and operating reorganisation, acting as managing director for various portfolio companies operating in a range of industrial and commercial fields.

www.coemar.com