Financial investor KPS to acquire extrusion firm Metra

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Financial investor KPS Capital Partners has signed a definitive agreement to acquire Metra Holding SpA and Metra SpA, a manufacturer of extruded aluminium.

Financial investor KPS acquires Metra – a vertically integrated manufacturer of extruded aluminium profiles and related value-added services, including painting, oxidation, machining, welding and assembly. The company has five production sites in Italy and Canada and offers a full range of extruded aluminium profiles, which are used primarily in the industrial and building and construction end-markets across Europe and North America.

Financial investor announces “substantial investment” in extrusion firm Metra

Pierre de Villeméjane, a Partner of KPS Mid-Cap Investments, said: “We are excited to acquire Metra, a differentiated aluminium extrusion business with diverse manufacturing and finishing capabilities, broad product development competencies and a superior customer service track record. We look forward to partnering with the selling shareholders, chief executive Enrico Zampedri, and the Metra team to accelerate growth opportunities driven by substantial investment in the company’s assets and operations. Metra’s manufacturing expertise and commitment to quality, combined with KPS’ global strategic, operational and financial resources, provide an ideal platform for future growth. We intend to expand the business both organically and through a global acquisition strategy.”

Metra CEO expects “significant growth”

Zampedri commented: “KPS has a demonstrated track record of investing in the metals industry and exhibiting the ability to create significant value in the sector. KPS’ global reach, commitment to manufacturing excellence and the health and safety of all Metra employees combined with its significant financial resources will enable our company to realize significant growth, while maintaining our focus on quality and customer service.”

The selling shareholders will retain 25 % ownership of the company. Completion of the transaction is expected in the second quarter of 2021 and is subject to customary closing conditions and approvals. Financial terms of the transaction were not disclosed.

With this step the financial investor strengthens its commitment in the aluminium sector. Only recently KPS has acquired Hydro’s Rolling business in Germany and Norway.

 

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