Clairfield advises OME on the acquisition of Jungeblodt
OME Srl acquired Jungeblodt GmbH, a producer of fastening systems.
Jungeblodt GmbH is a competitor active in the production of fastening systems for critical applications that had belonged to Jungeblodt family for five generations. Headquartered in Warstein (Germany) Jungeblodt generates more than Euro 30 million in sales with good margins by selling its products both in Germany and abroad, including the U.S. and China.
As part of the deal, the Jungeblodt brothers will reinvest a portion of the proceeds from the sale to help the integration of the two entities and the enhancement of all the people and skills present in the two companies. In aggregate, the group will have nearly 400 employees divided between the OME, acquired by IGI in 2021 from the three brothers Filippo, Diego and Carlo Farina, has been operating for more than 70 years in the production of fastening systems for critical applications especially in the off-shore, marine and power generation sectors, where absolute reliability, product precision along with very stringent production process certifications are required.
OME has achieved significant organic growth since the entry of IGI Private Equity, reaching Euro 50 million in sales with margins above 20% and excellent cash generation. Thanks to this excellent performance, OME’s management team, led by Mr. Andrea Zuccarino, sees the integration with Jungeblodt as an excellent opportunity for external growth, reaching new customers in markets not yet covered, broadening the product range, and expanding the production capacity that the two companies can offer both in terms of quality and volume. The goal of the two companies is to reach Euro 100 million in sales within a few years, while maintaining the extraordinary quality of the products and the ability to serve customers with special products with high technological content.
This transaction will allow the consolidation of the Group in the critical fastening systems segment through the merger of two historical manufacturing companies in the world’s leading countries for machining and first in Europe in steel production,” says Mr. Andrea Zuccarino, CEO of OME.
OME was advised in the transaction by Equita Mid Cap Advisory, partner of Clairfield International, for M&A profiles with Filippo Guicciardi (CEO), Andrea Dubini (Director) and Riccardo Zanasi (Associate).
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