Munich-based private equity holding, Accursia Capital acquired four European entities, in Italy, Germany, Belgium and Bulgaria, from Optimas OE Solutions.
The newly formed group, which has 230 employees and annual sales of around EUR 70 million, will trade as ‘Stronghold’ and, says Accursia, will be one of the ten largest full-service fastener providers in Europe, and one of the top four in Italy.
Accursia describes Stronghold as a strategic supply chain partner and an expert in reducing the complexity of supply chains, offering its customers comprehensive value added C-part supply solutions. The group benefits through high industry expertise and complete value-added solution capabilities.
“After we successfully implemented our first two platforms - tool manufacturing and plastic moulding – Accursia Capital is establishing its third platform within supply chain management. This acquisition contributes to our stable and sustainable portfolio, which we further plan to strengthen through our proven buy and build approach,” said Martin Scheiblegger, chief executive officer of Accursia Capital.
Accursia Capital GmbH is a Munich based industry holding, which acquires and manages midsized companies, typically with significant operational improvement potential. Accursia Capital’s investment focus includes succession planning, restructuring and turnaround cases as well as complex carve-out projects. It is focused on a long-term investment horizon with the preliminary goal of expanding the industry holding with acquisitions of complementary companies in order to increase the competitiveness of all single portfolio companies based on synergies between the assets.
In March 2020 Accursia acquired, via a carve-out, the Body Panel business unit from German press manufacturer Schuler Pressen AG, and rebranded it Cartec Tooling GmbH.
Cartec produces high-quality tools for the automotive industry and was the second investment for Accursia’s Deutsche Werkzeugbau platform, which already held Gebr. Rath Werkzeugbau, acquired in 2018 from Linde + Wiemann.
Terms of the Stronghold acquisition have not been disclosed and neither Optimas OE Solutions, nor owners, American Industrial Partners, which acquired Optimas in 2015, have made a public statement about the disposal.
Having held senior management roles in leading automotive and fastener businesses, Phil joined Fastener + Fixing Magazine as editor in 2002. Convinced there is no substitute for ‘being there’, over 17 years of visits and interviews around the world means he has accumulated an extraordinary knowledge and perspective of the global fastener industry, reflected in his incisive and thought provoking reporting.
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