Acquisition Details

Brugola Oeb, a leading Italian multinational in the automotive screw industry, has announced a preliminary agreement to acquire a 30% stake in Fimeur, a company based in Brescia that specializes in phosphating treatments. Fimeur has been a long-standing partner of Brugola, providing high-quality surface coatings for screws and special products.

Strategic Intent

The acquisition is part of Brugola's strategy to support Fimeur's business growth by enhancing its commercial capabilities and investing in cutting-edge technologies. This move follows Brugola's recent reacquisition of minority shares, bringing the company back under full family ownership as of April.

Leadership Perspective

Jody Brugola, the company's president, expressed pride in the agreement, highlighting the strategic importance of the acquisition for both companies. He emphasized the commitment to future investments aimed at strengthening competitive positioning and embracing advanced technologies. Brugola believes this synergy will enable both companies to tackle future challenges with renewed vigor and success.

Company Outlook

Brugola Oeb employs over 500 people across Italy and the USA, where it established a plant in 2015. The company closed 2023 with a revenue of 190 million euros and aims to exceed 200 million euros in 2024, projecting a 15% increase in production.

Further Insights

• The acquisition aligns with Brugola's broader strategy of technological advancement and market expansion.

• Fimeur's expertise in phosphating treatments complements Brugola's product offerings, enhancing overall value.

  Potential Opportunities

• Strengthened market position through enhanced product offerings.

• Increased competitiveness via technological advancements.

• Expanded business opportunities in the automotive sector.