Primat goes shopping and creates group with 150 million in revenues

Hat sgr, an independent savings management company led by Ignazio Castiglioni and chaired by Nino Attanasio, has announced two new acquisitions by Primat – owned by Hat SGR through the Hat Technology & Innovation Fund 4 together with Tendercapital – a company active in the supply of advanced technological services for the treatment of fasteners (screws, bolts and other fastening elements) mainly in the automotive sector.
In particular, Primat enters the capital of the American Curtis Metal Finishing with a controlling stake of 65% alongside the private equity fund Hci Equity Partners IV which maintains a significant minority stake, and acquires 97.5% of the capital of Vi.Pi.Effe Pen, with the shareholder Luca Pin maintaining the residual minority stake. “With the entry of Primat into the two companies – underlines the note – the world’s largest group of technological services for the treatment of fasteners comes to life with an expected turnover of 150 million euros and a presence in North America, Brazil and Europe”.
In line with Primat’s strategic plan, the two operations are part of a broader consolidation project through the expansion of the range of services offered and international expansion. In this context, the acquisition of Curtis Metal Finishing marks the entry into the strategic and high-growth US market.
For Ignazio Castiglioni, co-founder and CEO of Hat Sgr “These two acquisitions represent a perfect exemplification of the investment policy of our fund, focused on the growth of leading companies, with significant technological know-how and a high level of innovation also through the use of cutting-edge tools. Investments aimed at strengthening the ability to innovate, at technological development (Industry 4.0), as well as at the aggregation of companies, will allow the Italian production system to increase its competitiveness at a global level”.