H.I.G. Capital acquires a majority stake in aluminium industrial components manufacturer
H.I.G. Europe, the European arm of H.I.G. Capital, a leading global private equity investment firm, purchased a controlling stake in Metalprint. Founding families Strazzari and Cerutti sold the majority stake to H.I.G. and reinvested in the transaction.
Metalprint, based in Italy, is a manufacturer of forged brass and aluminium industrial components. The company generates 85% of its sales outside of Italy, with a leadership position in Europe and North America.
It also operates in Canada through Jebco Manufacturing, a leading provider of high precision machined aluminium components in North America. The company acquired Jebco Manufacturing in 2017.
Raffaele Legnani, Managing Director of H.I.G. Capital in Italy, commented: “Metalprint is one of the international leaders in brass and aluminium forging. 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.”
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