DGAP-News

Deutsche Beteiligungs AG invests in Metalworks Holding - Seite 2

MTW Holding (www.mtwh.it/en, based in Castelli Calepio near Bergamo) comprises three companies (Metalworks, Mengoni & Nassini, FGF) that complement each other in product range and customer relationships. The Group designs and manufactures high-quality fashion accessories for luxury fashion brands. Typical products include belt buckles, fastening systems and studs for handbags, shoes and clothing as well as jewellery, alongside logos for iconic – and predominantly global – brands. These products are made out of metals such as brass, zamak, stainless steel and plastic. The key to the company's success is its ability to translate clients' design ideas into high-quality products within a matter of days. Proximity to the Italian and French high-end fashion houses therefore plays a major role: innovation and creativity are particularly important to them. At the same time, clients expect reliably high quality for items to be applied on their own products.

The Group employs 250 people at its locations near Bergamo and Florence; a subsidiary in Paris was recently opened in order to enhance the relationship with French luxury brands. The Group serves a market which has grown globally at an average rate of six per cent over the past 25 years. In 2021, the Group generated revenues of around 60 million euros, an increase of 16 per cent compared to the pre-pandemic year 2019. Recovery from the pandemic-induced market shrinkage was therefore achieved within a year.

“The Group is well-positioned in a resilient market that is outpacing GDP growth,” said Tom Alzin, Member of the DBAG Board of Management, commenting on the MBO. “With our experience in realising development potential, we want to contribute to the management team's ability to continue its buy-and-build strategy in order to add competences and geographical presence.” Company acquisitions have been a significant part of DBAG's value appreciation strategies for several years now. Last year alone, twelve DBAG investments completed 25 acquisitions.