The ownership of Spraytech, an Italian manufacturer of machinery for the tanning industry, has been transferred to the current CEO, supported by a financial partner. With the CEO’s acquisition and industry expertise, the company will be well-positioned to proactively address market challenges and continue its growth trajectory.

Founded in 1997 as a provider of spray guns and other accessories and equipment for industrial painting, as well as installation and maintenance services, Spraytech is now among the top five Italian producers of machinery and lines for leather spraying in the tanning industry. Spraytech’s product portfolio includes, among others: (i) complete spraying lines, (ii) spraying booths, (iii) electronic saving systems, and (iv) spray guns. Since 2018, the majority stake has been held by the private equity firm ITAGO Partners.

Livingstone provided comprehensive support to ITAGO Partners and other shareholders of Spraytech, including identifying potential domestic and international investors, leading negotiations, and managing all stages of the sale.