The press release for the important takeover made by SAPA on Wednesday, July 26, 2017, taking over 100% of Brigoni's capital.
SAPA S.r.l., an Italian company in the manufacturing industry of automotive plastic components, headquartered in Arpaia (Benevento), and with consolidated sales of approximately 130 million Euros, has formalized the closing for the takeover of 100% of the shares of Brigoni S.p.A..
Brigoni, formerly owned by Brima Plast S.A.S., is a company operating in the industry of plastics molding and injection molding of rubber and plastic based in Moncalieri (Turin).
With this transaction, effective from 1 July 2017, the company approaches the market with a total of more than 1,000 employees and aggregate turnover of 180 million Euros over the 12 months.
SAPA thus confirms its growth path and specific positioning focused on two main product categories: the engine area and car interiors.
In an industry dominated by large multinational companies, SAPA has chosen the most agile road, consisting of a family-run company, supported by a professional management: since 2005, the business plan has experienced continuous investments in new technologies, in an R & D department that has doubled the number of patents each year, and in the continuous improvement of both staff and production: the company currently has 6 plants, 5 of these are in Italy and 1 in Poland.
Thanks to the agility of innovative and patented pending solutions, SAPA has been able to compete on the market by becoming one of the reference providers for major European car manufacturers (including FCA and Volkswagen), until it was also selected among the excellent Italian companies by the ELITE program of Borsa Italiana.
SAPA is currently focusing on two leading high value product families, where the company is able to offer patented pending patented pending solutions to the market, represented by the engine area with enriched plastics for a high temperature resistance and for luxury interiors, which include all soft components coated with leather).
The acquisition of Brigoni S.p.A. was personally followed by the Affinita family, owner of SAPA, represented by Rosanna Dora, Mariangela, Antonio and Giovanni Affinita
Concerning the transaction, Antonio Affinita stated that “Brigoni’s acquisition allows to consolidate SAPA’s position in the Italian market.”
“It also allows us to develop our presence in the industrial vehicle market. We are confident that we can make the most of the investment. Our team has already shown in the past that it is able to integrate acquired realities while retaining its distinctive strengths”.
The company PARTNERS S.p.A., represented by Guido Corbetta, Gianluca Cinti and Giandomenico Penna, assisted SAPA as financial advisor in the acquisition of Brigoni S.p.A ..