H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $65 billion of capital under management, is pleased to announce that its portfolio company, Berardi Bullonerie S.r.l. (“Berardi”or the “Group”), a leader in the Italian market for the distribution of fasteners and the supply of integrated logistics services, has completed the acquisition of Fixi S.r.l. (“Fixi”), a distributor of fastening systems.
Headquartered in Turin, Fixi is the leader in Italy's fastening systems, offering a wide range of products such as rivets, threaded inserts, self-fixings, welding pins, and related professional equipment. With warehouses in Veneto, Emilia Romagna, Marche, and Abruzzo, Fixi is the largest distributor in this category, nationally, serving over 2,000 industrial customers in Italy and throughout Europe.
The acquisition is a significant step in Berardi's growth strategy. It aims to enhance the range of products and services offered to customers through strategic acquisitions of distributors specialized in high-potential product categories. This acquisition will strengthen Berardi's position as a national leader in the fastening systems category, a rapidly growing segment for its customers. It will also improve its geographical coverage and service in Italy and throughout Europe, ultimately benefiting its customers.
Giovanni Berardi, Chairman of Berardi, and Mauro Pasini, Managing Director, commented: “The partnership with Fixi is an enormously important step in the growth path that we have outlined for the Group, which will give us a greater geographical footprint and provide our customers a product portfolio and range of services suited to their every need.”
Maurizio and Alessandro Mora, majority shareholders and Managing Directors of Fixi, added: “We are enthusiastic about our entry into Berardi, the undisputed leader of the distribution of industrial components in Italy.
Our history and shared culture of excellence, innovation, and maximum attention to its customers and employees allows us to fully exploit our specialist skills in fastening systems and seize new growth opportunities that will allow us to accelerate business development.”
Raffaele Legnani, Managing Director and Head of H.I.G. in Italy, added: “We are pleased to continue to support Berardi in its ambitious growth project and in strengthening its leadership in the supply of industrial components with value-added services. With the acquisition of Fixi, the Group further consolidates its leadership position in the sector and confirms its active role as a market aggregator platform.”
