Metra S.p.A., a leading global extruder headquartered in Italy, completed the acquisition of Belding Machinery and Equipment Leasing, LLC and its subsidiaries, including Extruded Aluminum Corporation (EAC).
“The acquisition of EAC marks a significant milestone for Metra as it accelerates our geographic expansion within North America and continues our end-market diversification strategy, including entry into the high growth North American utility grade solar industry,” said Enrico Zampedri, chief executive officer of Metra. “We are very impressed by EAC’s technical expertise and manufacturing capabilities, in addition to its commitment to providing customers with premier quality and service. Furthermore, the acquisition of EAC will significantly enhance the combined business’ presence in North America and will allow each business to leverage the combined platform’s technical capabilities and asset base in order to best serve our global customer base. We are pleased to welcome the entire EAC team into Metra as we continue to build an industry leader in the global extruded aluminum market.”
EAC is a leading U.S. manufacturer of custom extruded profiles and related value-added fabrication, assembly, and finishing services with 170 employees across two facilities in Belding and Kentwood, MI. The company serves diverse end-markets including solar, transportation, military, material handling, residential, and commercial construction and marine applications.
“EAC has grown from a two-press operation in 1987 to its current five press lines and has built its reputation on world-class quality and customer service. Over the past 37 years, the company has developed strong relationships with both its employees and its loyal customer base,” said Charles Hall, president of EAC. “This business combination will provide additional opportunities for our employees, as well as access to additional resources and capabilities for our customers. The entire EAC team is thrilled to begin this new chapter with Metra under KPS’ ownership.”
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 extruded aluminum profiles, which are used primarily in the industrial and building & construction end markets across Europe and North America. Headquartered in Rodengo Saiano, Italy, Metra employs approximately 1,250 employees globally and operates eight strategically located manufacturing facilities across Italy, Canada and the U.S.