KPS Capital Partners to acquire extruded aluminium producer Metra

The American investment company KPS Capital Partners has stepped into a definitive agreement to acquire Metra Holding SpA and Metra SpA, (collectively “Metra” or the “Company”), a global producer of extruded aluminium. The existing shareholders will retain a 25% stake in the company.

Metra will be the fourth acquisition by KPS Special Situations Mid-Cap Fund (the “Mid-Cap Fund”) and the first mid-cap acquisition of KPS in the EMEA region, following the accomplishment of the transaction.

The vertically integrated global manufacturer of extruded aluminium profiles and related value-added services, Metra also includes painting, oxidation, machining, welding and assembly. The Company delivers a complete line of extruded aluminium profiles, which are used primarily in industrial and construction end markets in Europe and North America.

Pierre de Villeméjane, Partner and Co-Head of KPS Mid-Cap Investments (“KPS Mid-Cap”), said: “We are delighted to acquire Metra, an aluminium extrusion company that stands out for its diverse capabilities, manufacturing and finishing skills, extensive product development skills and excellent customer service. We look forward to working with the selling shareholders, CEO Enrico Zampedri and the Metra team to accelerate growth opportunities through substantial investments in the assets and operations of the Company. Metra's manufacturing expertise and commitment to quality combined with KPS 'global strategic, operational and financial resources provide an ideal platform for future growth. We intend to grow the business both organically and through a global acquisition strategy."

Enrico Zampedri, President and CEO of Metra, said: “The entire Metra team is delighted to partner with KPS as the Company enters this next phase of growth. KPS has a proven track record of investing in the metals industry and has demonstrated its ability to create significant value in the sector. KPS's global reach, commitment to manufacturing excellence and the health and safety of all Metra employees, combined with its considerable financial resources, will enable our company to achieve significant growth while continuing to focus on quality and customer service.”

During Q2 2021, the transaction is expected to conclude, subject to customary closing conditions and approvals. The financial terms of the transaction are yet to be disclosed.