SURFACES GROUP FURTHER EXPANDS IN THE UNITED STATES WITH THE ACQUISITION OF TERMINATOR
On December 22nd, 2021, the equity holders of Terminator sold the majority of the equity to Surfaces Group. Surfaces Group (majority owned by the global growth private equity firm TA Associates) is a market leader in the super-abrasives industry for ceramics, stone, glass and mechanics with global operations and manufacturing facilities. Terminator is the leading manufacturer of diamond blades, CNC wheels and other tools & equipment for the stone industry.
Terminator will continue to operate independently under its current brand. The current owners and management of Terminator will keep a minority stake in Terminator and will continue to provide leadership in the next years to support the future growth of Terminator. Vincent Salemi and Sebastiano Salemi will continue to act as President and Vice President of Terminator.
“We look forward to joining the group of companies belonging to Surfaces Group,” said Vincent Salemi, President of Terminator. “For our employees, there is now tremendous opportunity throughout the company we’re joining, and for our clients, access to additional resources will allow us to invest in our infrastructure, giving us the ability to enhance our operations and accelerate growth.”
This strategic operation enables the Surfaces Group to further expand in the United States and strengthen its world leadership in the field of diamond tools by broadening its range of consumer goods for the stone industry.
“It’s a pleasure to welcome Terminator to the Surfaces family. This acquisition fits well with our strategy to strengthen our production capabilities within growing markets.” said Gaetano Maffei, Chairman of the Surfaces Group.
