KPS completes acquisition of two extrusion companies

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KPS Capital Partners has completed the acquisition of the extrusion companies Metra Group and Profile Custom Extrusions.

The now completed acquisitions of Metra and Profile will be combined to form a global extruded aluminium profile platform with a strong presence in Europe and North America.

Metra is a global, vertically integrated manufacturer of aluminium profiles and related value-added services, including painting, oxidation, machining, welding and assembly. The company offers a full range of extruded profiles, which are used primarily in the industrial and building and construction end-markets across Europe and North America. Metra employs around 850 employees across five plants in Italy and Canada.

Profile is a US manufacturer of aluminium profiles and related value-added services including painting, anodizing, thermal break and precision cutting. The company provides a variety of aluminium profiles to diverse end-markets including residential and commercial construction, HVAC, hurricane protection, transportation, electrical and marine. Profile employs around 170 employees in its sole facility in Rome, GA.

The two acquired companies form a global extrusion platform

Pierre de Villeméjane, a partner of KPS Mid-Cap Investments, said: “By combining Metra and Profile, we will create a robust global extruded aluminium platform with an unparalleled reputation for reliability, superior quality and customer service. The strategic and industrial logic of combining Metra and Profile is compelling, as the transaction allows Metra to continue to expand its presence in new end-markets and provides a foothold for future acquisition opportunities in North America. We look forward to continuing to rapidly grow the combined business both organically and through a global acquisition strategy.”

Enrico Zampedri, CEO of Metra, said: “The acquisition of Profile is an important step in Metra’s continued geographic expansion and diversification. We are very impressed by Profile’s manufacturing capabilities and the strength of its relationships with customers. Furthermore, the acquisition of Profile will significantly enhance the combined business’ presence in North America and will provide the opportunity to share best practices across the two businesses that will result in better quality and service to our customer base. We are excited to work collaboratively with the Profile team to continue to build a best-in-class global extruded aluminium manufacturer.”

“The real winners are the customers of Profile and Metra”

David Newby, president of Profile, said: “The real winners of this combination are the customers of Profile and Metra. Our customers will now have access to the strengths of both businesses as we combine the very best manufacturing processes, products and services across a global manufacturing footprint. We remain committed to providing the world-class quality, delivery and customer service that Profile is known for throughout the industry as we embark on this new and exciting phase at Profile. The entire Profile management team is excited to operate under KPS and Metra’s ownership to continue to build upon our long and successful history.”

Financial terms of the transactions were not disclosed.

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