Israeli Tambour Bought the Italian Paint Company Colorficio Zetagi ifor 7M Euros

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by Ifi Reporter Category:Financial Jan 6, 2019

 

Tambour bought the Italian paint company “Colorficio Zetagi” that specializes in producing

paints for industry, founded in 1957. Constant features in its history include a strong
inclination towards innovation, reliability of their solutions, great production flexibility coupled
with a fast delivery service; factors that led the brand to reach prestigious and challenging
objectives.
Tambour bought Zetagi from a Swiss investment fund in ~7M Euros, and this is the first
acquisition of Tambour outside of Israel.

The company owns strengthened its position within the Protective Coatings sector by
merging with the historic Veneziani brand, which is the oldest brand in the field of protective
and naval paints, founded in 1863. Zetagi is the leader of Italian protective coatings market,
successfully competes successfully with multinational companies.
Colorificio Zetagì has obtained from SQS, the Swiss Association for Quality Systems
Management the UNI EN 29002 compliance standards in 1995 and the SQS ISO 9001:
2000 certification.
Zetagi’s paints have been used all over Italy and in projects around the globe, perhaps the
project which gives them the most pride is the painting of TORINO Juventus Stadium, the
Train Railway Station in Milano and many more.

Tambour employs a wide variety of marketing channels through which it strengthens its
connections with target audiences and enhances awareness for smart consumption.  As the
market leader, the company name has become a generic term for paints. 
Tambour is owned by Kusto group, a Singapore based diversified holding company,
founded by Yerkin Tatishev, with global holdings in the areas of construction, infrastructure
and energy. 
According to Max Sartiyev, Chairman of Tambour group: “The vision of the Kusto group is to
establish Tambour’s leadership in the Israeli market, and to expand its activity abroad. We
are pleased with the acquisition of Colorficio Zetagi which expands Tambour’s wide
portfolio and is a first step in turning Tambour into a leading international paint company.”

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