The Voilàp Group finalized an agreement to purchase 80 percent of the share capital of Mecal, an Italian company specialized in the manufacture of machinery and systems for processing aluminum and light alloys. Full implementation of this operation is planned during the first quarter of 2020.
Mecal has around 150 employees, and in 2019 recorded a turnover of more than 30 million euros, of which more than 75 percent was generated abroad. Its modern manufacturing plant is based in Frascarolo, Pavia, and covers approximately 474,000 square feet.
Commenting on the fifth major acquisition in the past six years, Valter Caiumi, president of the Voilàp group, says: “First of all, I would like to emphasize that our group’s growth strategy is evolving rigorously and methodically by integrating with different kinds of industries which are all compatible and complementary with the strategic guidelines drawn for its development.
“Mecal fits perfectly into our group’s historical core business, which we call our Industrial Division, further reinforcing our existing leadership in the world of aluminium processing, PVC and light alloys through our Elumatec, Emmegi and Tekna brands," he continues. "This latest acquisition will put us on course for a turnover of over [379 million] and will increase the 300-year history of our group, a figure we base on the total years of experience of our component companies.”
“With equal care, Mecal has created a range of products befitting an internationally renowned market leader in the aluminium profile sector, establishing a particularly distinctive range through an exceptionally close and successful collaboration. Mecal is also highly skilled in product customization and production technologies, and this will increase the group's ability to serve customers in niche sectors with specific needs. On the other hand, our group’s existing digital know-how will enable us to complement Mecal's offer via numerous integrations and compatibilities essential for the application of industry 4.0 methods.
“Mecal becomes part of our group and, as with previous experiences, Voilàp holding will implement strategies that will consolidate and strengthen the incoming brand, confirming the strategic guidelines already established," Caiumi says. "From an industrial point of view, Mecal will enable our group to use its impressive production structures and the top-level technologies in which it has effectively invested in recent years, allowing us to develop important synergies and consolidate Voilàp holding’s position of leadership."
