Voilàp Acquires 80% of Mecal
The Voilàp Group has announced that it has finalised an agreement to purchase 80% of the share capital of Mecal, an Italian company specialised in the manufacture of machinery and systems for processing aluminium and light alloys. Full implementation of this operation is planned during the first quarter of 2020.
Mecal was founded in 1978 by Ennio Cavezzale and Rosella Meschini, and is one of the principal manufacturers in the sector for aluminium processing equipment in Italy and internationally. The company has around 150 employees, and in 2019 recorded a turnover of more than €30 million, of which more than 75% was generated abroad. Its modern manufacturing plant is based in Frascarolo (Pavia) and covers approximately 44,000mq.
Commenting on the fifth major acquisition in the last 6 years, Valter Caiumi, President of the Voilàp group, stated: “First of all, I would like to emphasise 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.
This latest acquisition will put us on course for a turnover of over 350 million euros and will “increase the 300-year history” of our group, a figure we base on the total years of experience of our component companies.”
Studio Antoniotti Commercialisti Associati assisted Mecal as sell-side adviser, with Founding Member Pier Paolo Antoniotti advising on the transaction.