KPS Capital Buys Aluminium Extruders Metra And Profile

KPS Capital Buys Aluminium Extruders Metra And Profile

KPS Capital Partners, LP announced this week the completion of its acquisition of extruded aluminium firms Metra Holding S.p.A., Metra S.p.A., and Profile Custom Extrusions, LLC.

KPS said in a press release that it intends to merge Metra and Profile into a single entity that will operate in both Europe and North America. Metra specializes in aluminium value-added services including painting, oxidation, machining, welding, and assembly and operates five plants in Italy and Canada. Meanwhile, Profile specializes in the aluminium value-added services of painting, anodizing, thermal break, and precision cutting at its plant in the US state of Georgia.

Pierre de Villeméjane, a Partner of KPS Mid-Cap Investments, elaborated on the strategy behind this week’s move.

“By combining Metra and Profile, we will create a robust global extruded aluminum 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, Chief Executive Officer of Metra, noted the advantages of the sale to his firm.

“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 aluminum manufacturer.”

“The real winners of this combination are the customers of Profile and Metra,” opined David Newby, President of Profile. “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.”

Terms of the deal were not disclosed in the press release.