Bontempi Vibo SpA has acquired 100% of Mi.Me.Af shares, a historic company from the Lecco area of Italy that specialises in the production of special design fasteners.
Mi.Me.Af has a turnover of about €6 million per year and is recognised for its high-quality and great ability to customise its products in the most varied sectors, from automotive to household appliances, as well as the locks and compressors sectors.
The acquisition of Mi.Me.Af is just one of the operations that are part of Bontempi VIBO’s industrial growth plan, with the company setting itself the goal of achieving €80 million revenue by 2025.
This plan, which will involve targeting not only the Italian but also the European market, will be developed through selected acquisitions of solid and innovative companies, thanks to which the Bontempi Group will expand its production range – reaching new strategic sectors.
For instance, the acquisition of FRAM Srl in 2019 enabled Bontempi VIBO to increase its production, now boasting one of the largest product ranges in Europe in the fastener sector, and the company was also able to continue its constant growth, finding an outlet in new markets.
Speaking about the strategy, Raoul Bontempi, CEO of Bontempi VIBO SpA (pictured on the right), explained: “We want to get out of the industrial ‘dwarfism’ that has characterised Italian SMEs and prepare the company to be increasingly a protagonist in the challenges that we will face in the fastener sector.”
Will joined Fastener + Fixing Magazine in 2007 and over the last 15 years has experienced every facet of the fastener sector - interviewing key figures within the industry and visiting leading companies and exhibitions around the globe.
Will manages the content strategy across all platforms and is the guardian for the high editorial standards that the Magazine is renowned.
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