Italy-based fasteners producer Fontana Gruppo acquired Utica, MI-based MNP Company.
Phrases of the transaction weren’t disclosed.
MDM’s 1Q25 M&A Report (retailer hyperlink)
Based in 1970, MNP Company is a producer specializing in high-volume manufacturing fasteners and cold-formed parts reminiscent of screws, rivets, washers, small stampings and screw machine components. The Michigan-based firm serves a various vary of industries, together with automotive, industrial, rail,
shipbuilding, protection, medical and agriculture. Its capabilities embody plating, annealing, flat-rolling, pickling, hot-dip galvanizing and extra.
Established in 1952, Fontana Gruppo is a world producer of fasteners with 26 manufacturing crops and 32 areas throughout Europe, the Americas and India. The corporate employs over 6,000 individuals and generates $1.3 billion (Euro) in annual income. The corporate has three analysis facilities and holds greater than 200 patents, specializing in product improvement and engineering.
MDM Case Examine: Fastenal (Premium entry right here)
“We proceed with our technique of increasing into native markets served by our shoppers, who demand well timed and environment friendly service,” Fontana Gruppo CEO Giuseppe Fontana mentioned in a June 5 information launch. “Because of this acquisition, we will guarantee a major enlargement of our manufacturing capability whereas sustaining high-quality requirements, thus changing into the biggest fastener producers in each the American and international
markets.”
