The Voilàp group takes over Mecal and aims at a turnover of 350 million euros in 2020
The Voilàp group announces that it has finalised an agreement to purchase 80% of the share capital of Mecal, an Italian company specialised in the manufacture of machinery and systems for processing aluminium and light alloys. Full implementation of this operation is planned during the first quarter of 2020.
Mecal was founded in 1978 by Ennio Cavezzale and Rosella Meschini, and is one of the principal manufacturers in the sector for aluminium processing equipment in Italy and internationally. The Company has around 150 employees, and in 2019 recorded a turnover of more than 30 million euros, of which more than 75% was generated abroad. Its modern manufacturing plant is based in Frascarolo (Pavia) and covers approximately 44,000mq.
Commenting on the fifth major acquisition in the last 6 years, Valter Caiumi, President of the Voilàp group, stated: “First of all, I would like to emphasise that our group’s growth strategy is evolving rigorously and methodically by integrating with different kinds of industries which are all compatible and complementary with the strategic guidelines drawn for its development.
“Mecal fits perfectly into our group’s historical core business, which we call our Industrial Division, further reinforcing our existing leadership in the world of aluminium processing, PVC and light alloys through our Elumatec, Emmegi and Tekna brands.
This latest acquisition will put us on course for a turnover of over 350 million euros and will “increase the 300-year history” of our group, a figure we base on the total years of experience of our component companies.”
"I am delighted to be able to collaborate with the founders” – says Valter Caiumi – “who have successfully developed the Mecal brand throughout the world, thanks to the expertise of the widespread network of international dealers.
“With equal care, Mecal has created a range of products befitting an internationally renowned market leader in the aluminium profile sector, establishing a particularly distinctive range through an exceptionally close and successful collaboration. Mecal is also highly skilled in product customisation and production technologies, and this will increase the group's ability to serve customers in niche sectors with specific needs. On the other hand, our group’s existing digital know-how will enable us to complement Mecal's offer via numerous integrations and compatibilities essential for the application of industry 4.0 methods."
Valter Caiumi concludes by explaining that “Mecal becomes part of our group and, as with previous experiences, Voilàp holding will implement strategies that will consolidate and strengthen the incoming brand, confirming the strategic guidelines already established. From an industrial point of view, Mecal will enable our group to use its impressive production structures and the top-level replica watches technologies in which it has effectively invested in recent years, allowing us to develop important synergies and consolidate Voilàp holding’s position of leadership."