Deal Announcement

goetzpartners advised Prima and Metec

goetzpartners Corporate Finance advised in the sale of ALMEC to BAVARIA Industriekapital

Sell-Side Advisory
Industrials and Automotive
Transaction
2007
Icon: flag-ITIcon: flag-IT

goetzpartners advised

Prima and Metec on the

Sale

of ALMEC to BAVARIA Industriekapital

On August 2nd, BAVARIA Industriekapital AG took over 100% of ALMEC S.p.A., a specialised Italian producer of high-pressure aluminium die-castings, and its subsidiary Rifometal, an aluminium producer from its shareholders Prima S.p.A. (77%) and Metec S.p.A. (23%). ALMEC is one of Italy’s largest aluminium die casting foundries for the automotive and motorcycling industry producing automotive components, such as clutch housings and gear cases.

 

With the acquisition of ALMEC and Rifometal, BAVARIA Industriekapital continues its buy-and-build strategy in the automotive sector. According to Bavaria CEO Reimar Scholz further acquisitions are planned for 2007. The company takes on all employees of both acquired companies.

 

By selling ALMEC and Rifometal, Prima and Metec are refocusing on their core businesses. For Prima, it is the production of automotive plastic parts mainly for the interior, with a turnover volume of more than EUR 400 million.

 

goetzpartners acted as the exclusive financial advisor to the owners of ALMEC, the companies Prima and Metec, in this transaction.

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