KPS acquires Metra and Profile Custom Extrusions

KPS will merge Metra and Profile to form a global extruded aluminum company with presence across both Europe and North America.

KPS Capital Partners has acquired Metra, a maker of extruded aluminum. Also, KPS has acquired Profile Custom Extrusions, a maker of extruded aluminum, from Highlander Partners. No financial terms were disclosed. KPS will merge Metra and Profile to form a global extruded aluminum company with presence across both Europe and North America.

PRESS RELEASE

NEW YORK, July 14, 2021 /PRNewswire/ — KPS Capital Partners, LP (“KPS”) announced today that it has completed the acquisition of Metra Holding S.p.A. and Metra S.p.A., (collectively “Metra”), a global manufacturer of extruded aluminum. KPS also completed its acquisition of Profile Custom Extrusions, LLC (“Profile”), a U.S. manufacturer of extruded aluminum, from Highlander Partners, L.P. Metra and Profile will be combined to form a leading, global extruded aluminum profile platform with a strong presence across both Europe and North America.

Metra is a global, vertically integrated manufacturer of extruded aluminum profiles and related value-added services, including painting, oxidation, machining, welding and assembly. Metra offers a full range of extruded aluminum profiles, which are used primarily in the industrial and building & construction end-markets across Europe and North America. Metra employs approximately 850 employees across five plants in Italy and Canada.

Profile is a U.S. manufacturer of custom, extruded aluminum profiles and related value-added services including painting, anodizing, thermal break and precision cutting. Profile provides a variety of custom extruded aluminum profiles to diverse end-markets including residential and commercial construction, HVAC, hurricane protection, transportation, electrical and marine. Profile employs approximately 170 employees in its sole facility in Rome, GA.

Pierre de Villeméjane, a Partner of KPS Mid-Cap Investments (“KPS Mid-Cap”), said, “By combining Metra and Profile, we will create a robust global extruded aluminum platform with an unparalleled reputation for reliability, superior quality and customer service. The strategic and industrial logic of combining Metra and Profile is compelling, as the transaction allows Metra to continue to expand its presence in new end-markets and provides a foothold for future acquisition opportunities in North America. We look forward to continuing to rapidly grow the combined business both organically and through a global acquisition strategy.”

Enrico Zampedri, Chief Executive Officer of Metra, said, “The acquisition of Profile is an important step in Metra’s continued geographic expansion and diversification. We are very impressed by Profile’s manufacturing capabilities and the strength of its relationships with customers. Furthermore, the acquisition of Profile will significantly enhance the combined business’ presence in North America and will provide the opportunity to share best practices across the two businesses that will result in better quality and service to our customer base. We are excited to work collaboratively with the Profile team to continue to build a best-in-class global extruded aluminum manufacturer.”

David Newby, President of Profile, said, “The real winners of this combination are the customers of Profile and Metra. Our customers will now have access to the strengths of both businesses as we combine the very best manufacturing processes, products and services across a global manufacturing footprint. We remain committed to providing the world-class quality, delivery and customer service that Profile is known for throughout the industry as we embark on this new and exciting phase at Profile. The entire Profile management team is excited to operate under KPS and Metra’s ownership to continue to build upon our long and successful history.”

Financial terms of the transaction were not disclosed. Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to KPS for the acquisition of Profile. Fidus Partners, LLC served as financial advisor and Foley & Lardner LLP served as legal counsel to Highlander Partners, L.P. for the sale of Profile.

About Metra
Metra is a global, vertically integrated manufacturer of extruded aluminum profiles and related value-added services, including painting, oxidation, machining, welding and assembly. Metra offers a full range of extruded aluminum profiles, which are used primarily in the industrial and building & construction end-markets across Europe and North America. Metra is headquartered in Rodengo Saiano, Italy, with five strategically located manufacturing facilities across Italy and Canada. For additional information, please visit www.metra.eu/en/.

About Profile Custom Extrusions, LLC
Profile is a U.S. manufacturer of custom extruded aluminum profiles and related value-added services including painting, anodizing, thermal break and precision cutting. Profile provides a variety of custom extruded aluminum profiles to diverse end-markets including residential and commercial construction, HVAC, hurricane protection, transportation, electrical and marine. Profile operates one strategically located manufacturing facility in Rome, GA. For additional information, please visit www.pcextrusions.com.