Berardi Group, a portfolio company of H.I.G Capital, has completed the acquisition of Turin-based Fixi Srl – a distributor of fastening systems offering a wide range of products such as rivets, threaded inserts, self-clinching fasteners, welding studs and related professional equipment.
With depots in Veneto, Emilia Romagna, Marche and Abruzzo, Fixi serves over 2,000 industrial customers in Italy and across Europe. The transaction represents a significant step in Berardi’s growth strategy, aiming to enrich the range of products and services offered to its customers through strategic acquisitions of distributors specialised in high potential product categories.
The acquisition will strengthen Berardi’s position as a national leader in the fastening systems category, a segment in strong growth for its customers. It will also improve the geographic coverage and service in Italy and throughout Europe, to the benefit of its customers.
“The partnership with Fixi is a step of enormous importance in the growth path that we have outlined for our Group, which will allow us to have a greater geographical presence and to provide our customers with a product portfolio and a range of services suited to their every need,” underlines Giovanni Berardi, chairman of Berardi and Mauro Pasini, CEO at Berardi Group.
Maurizio and Alessandro Mora, majority shareholders and CEOs of Fixi, adds: “We are excited about our entry into Berardi, the undisputed leader in the distribution of industrial components in Italy. Our history and shared culture of excellence, innovation and maximum attention to our customers and employees allows us to fully leverage our specialist skills in fastening systems and seize new growth opportunities that will allow us to accelerate the development of the business."
Having spent a decade in the fastener industry experiencing every facet – from steel mills, fastener manufacturers, wholesalers, distributors, as well as machinery builders and plating + coating companies, Claire has developed an in-depth knowledge of all things fasteners.
Alongside visiting numerous companies, exhibitions and conferences around the world, Claire has also interviewed high profile figures – focusing on key topics impacting the sector and making sure readers stay up to date with the latest developments within the industry.
Don't have an account? Sign Up
Signing up to Fastener + Fixing Magazine enables you to manage your account details.
