H.I.G. Europe announced that its affiliate completed the acquisition of a controlling stake in Metalprint, a leading manufacturer of forged aluminum and brass industrial components.
“Metalprint is one of the international leaders in brass and aluminum forging,” said Raffaele Legnani, managing director of H.I.G. Capital in Italy. “H.I.G. is excited to support the management of the company in its ambitious growth plan and we are confident we will make a contribution to Metalprint’s internationalization.”
Founded in 1974 by the Strazzari and Cerutti families, Metalprint is based in Calcinato, Brescia, Italy. The company has expanded meaningfully over the years, driven by the growing market demand for forged components and by the management’s constant effort towards the internationalization and the modernization of the business. In particular, the growth in the aluminum space was accelerated in 2017 through the acquisition of Jebco Manufacturing, a provider of high precision machined aluminum components in North America.
Today, Metalprint operates two plants in Brescia, Italy, and Colborne, Canada, with the Italian facility having a total of 23 fully automated forging presses and over 20 new generation CNC Transfer machines. The company generates 85% of its sales outside of Italy, with a leadership position in both Europe and North America. It is a trusted partner for various global leaders in the recreational vehicle, industrial valve, pressure washer, and nuclear industries.
H.I.G. acquired a controlling stake in Metalprint from the Strazzari and Cerutti families, who reinvested with H.I.G. in the transaction. They stated, “The relationship with a global fund like H.I.G. is a recognition of the great work done by Metalprint management over the last years and represents a crucial step to further accelerate the group’s future development.”