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METELLI GROUP REINFORCES ITS LEADERSHIP IN THEENGINE COOLING AND DISTRIBUTION SEGMENT

  • 18 mag 2017
  • admin
  • General Media
Metelli Group continues to confirm its leadership and know-how in the engine cooling and distribution sector through the acquisition of two major Italian production companies, assuming majority stake in BREDA LORETT S.R.L. and full ownership of BUGATTI AUTORICAMBI S.P.A. These two strategic acquisitions will help make the company more structured and therefore better equipped to face future challenges. For the past 40 years, BREDA LORETT S.R.L. with headquarters in Pianezza (Turin, Italy), has specialised in the design, production and distribution of both traditional and automatic belt tensioners, idler pulleys, wheel kits, dampers pulley, clutch thrust bearings and timing belt kit. Founded in 1972, BUGATTI AUTORICAMBI S.P.A. is a long-established company with headquarters in Castegnato (Brescia, Italy) that specialises in the design and production of water pumps for the automotive aftermarket sector (cars and light commercial vehicles). The acquisition of this company, which operates in the same market segment, will reinforce Metelli group's leadership position in the industry. Both companies are now under the corporate control of Metelli group, which plans to enhance synergies in terms of R&D, know-how and production. However, the companies will retain operational, managerial and commercial independence, in continuity with the activities of the current management, which will carry on with the development process that has been taking place over the past years.