Fonderie di Montorso acquires the control of Perucchini, leading company in the production of steel and cast iron components

Fonderie di Montorso S.p.A. acquires Perucchini S.pA., leader in the production of steel and cast iron components in shell molding technology, pursuing its growth and development process. With the acquisition of Perucchini (which follows the one of Fonderia Scaranello in 2020, who uses the same molding technology), the Group further enhances its product offer and becomes European leader in the shell molding sector.

 

Perucchini is the fifth acquisition carried out by Fonderie di Montorso since 2017 – who first bought Fondmatic in 2017, then Fiorini Core Shop (2019), Fonderia Scaranello (2020), Evotech Hydraulics (2021) – and represents a milestone in the consolidation process of casting and machining technologies with high added value for the Group. The last four acquisitions were completed after the entrance of Fondo Italiano Consolidamento e Crescita (“FICC”) managed by Fondo Italiano d’Investimento SGR, as majority shareholder of Fonderie di Montorso in 2019.

 

Perucchini, headquartered in Omegna (VB) was part of Gruppo Atos S.p.A., one of the main international players in the electrohydraulic market. Andrea Carbonatto, CEO of Atos Group declared: “Fonderia Perucchini is a leader in high precision components, developed and manufactured for main players in hydraulics and automotive industries. The agreement with Fonderie di Montorso will enable Perucchini to speed up its growth and consolidation path, confirming its role as Italian excellence in mechanics and to serve even better both its Italian and International customers”.

 

Dario Ivaldi, Chairman of Fonderie di Montorso Group, added: “Fonderia Perucchini, a leading shell molding foundry, completes the product offer of shell molding components of the Group, started in 2020 with the acquisition of Fonderia Scaranello, and strengthens the service offered to our clients. Thanks to Perucchini, our Group becomes one of the few European players able to offer the full value chain in the hydraulic and precision mechanics markets”.

 

Aldo Di Bernardo, senior partner of Fondo Italiano Consolidamento e Crescita (FICC) says: “The sector of production and machining for complex steel and cast iron components dedicated to Italian and International hydraulics is very fragmented in Italy, with a good potential for consolidation, managerialization and technological development. FICC continues the development and growth process of Fonderie di Montorso by aggregating both production and commercial capacities in terms of know-how of generations of Italian companies working in the sector, in order to compete internationally and meet both Italian and commercial demand. We are proud that a company like Atos believed in our vision and allowed us to take a leader like Perucchini in this project”.

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