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KPS Capital Partners To Acquire Italian Extruder Metra

Metra-aluminum extrusion

KPS Capital Partners, LP signed a definitive agreement to acquire Metra Holding S.p.A. and Metra S.p.A., a global manufacturer of extruded aluminum. The Bertoli, Giacomelli, Marinelli, and Zanetti families, the selling shareholders of Metra, will retain 25% ownership of the company.

KPS is significantly expanding its assets in the aluminum sector. This year, the company has also signed an agreement to acquire Hydro’s international rolling business.

“We are excited to acquire Metra, a differentiated aluminum extrusion business with diverse manufacturing and finishing capabilities, broad product development competencies and a superior customer service track record,” said Pierre de Villeméjane, a partner of KPS Mid-Cap Investments. He also noted that Metra has an opportunity for future growth through the development of various sectors and markets, adding, “We intend to expand the business both organically and through a global acquisition strategy.”

Founded in 1962, Metra is a global, vertically integrated manufacturer of extruded aluminum profiles and related value-added services, including painting, oxidation, machining, welding and assembly. The company offers a full range of custom extruded aluminum profiles, which are used primarily in the industrial and building & construction end-markets across Europe and North America.

Metra believes that this sale will help the extruder achieve its ambitious international strategic development objectives. “The entire Metra team is thrilled to partner with KPS, as the company enters this next phase of growth,” said Enrico, CEO of Metra. “KPS has a demonstrated track record of investing in the metals industry and exhibiting the ability to create significant value in the sector. The huge KPS financial resources and the opportunities coming from [their] network will enable us to achieve our goal quickly.”

According to Zampedri, KPS also shares similar objectives with Metra, such as a focus on excellence, quality products, and customer service, as well as valuing the environment and the health and safety of workers.

Completion of the transaction is expected in the second quarter of 2021 and is subject to customary closing conditions and approvals.

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