KPS Capital Partners announced today that the acquisition of Metra Holdings, Metra SpA (Metra) and Profile Custom Extrusions, a US extruded aluminum manufacturer, has been finalized.
The companies will be merged to create a global extruded aluminum profile platform for countries across Europe and North America.
Pierre de Villeméjane, a KPS Mid-Cap, partner stated that the merge will make room for Metra to continue expanding its presence in new end-markets and future North American acquisition prospects. Enrico Zampedri, Metra’s chief executive officer, and David Newby, Profile’s president, added that the acquisition will allow the companies to gain access to the strengths of both businesses and synergize to provide better customer service.
Metra manufactures extruded aluminum profiles, producing 49,895mt of extruded aluminum annually, employing about 880 workers across five plants in Italy and Canada. Profile Custom Extrusions an American manufacturer of custom, extruded aluminum with a production volume of 18,144mt of aluminum extrusions annually and employs approximately 170 at its Georgia facility.
KPS has not yet divulged the financial terms of the transaction.