CMC majority acquired
By Euan Youdale11 November 2022
A private finance company has acquired a 70% share of Italy-based spider lift specialist CMC.
The majority investment by Metrika SGR will allow CMC to implement a range of development programmes, including the 12,000 square metre expansion of its current factory to incorporate new product lines, increase its spider platforms range with new models and new product families, and strengthen its presence in export markets, with improvements to the distribution network in Europe and the USA.
A targeted acquisition policy is also in place to speed up the expansion of production capacity to meet the growing number of orders from the market, said the manufacturer.
The Mastrogiacomo and Moretti families, founders of CMC, will remain on the company’s board of directors where Alessandro Mastrogiacomo has already assumed the role of CEO and Giuseppe Moretti that of COO.
“Those who design machines like our spider platforms know very well; the higher you want to go, the more solid and stable the base on which you stand must be,” said Alessandro Mastrogiacomo. “With this operation, CMC confirms itself as a leading company, not only in terms of production, but also from a managerial perspective. Today we are preparing for a real leap that will allow us to adapt the level of our organisation to the quality of our products.”