Wednesday 24 May 2023

Italy based fastener coating supplier Primat Group has made a controlling investment in Michigan-based coating company Curtis Metal Finishing Group, the company said.

Financial terms were not disclosed.

Primat's investment in Curtis provides a a North American footprint that establishes the combined company as a global provider of fastener coating services for the automotive industry.

Primat, based in Milan, Italy, is an applicator of coatings for fasteners, primarily for the automotive industry. Primat will leverage its proprietary line-automating technology at Curtis to become a high-quality, low-cost supplier to automotive customers.

Curtis, a portfolio company of HCI Equity Partners, is a provider of engineered protective coating, pre-treatment, heat treatment and technical intermediation services for metal fasteners, with customers in the automotive, construction, military, appliance, aerospace, and other sectors.

Primat and HCI Equity Partners will continue as shareholders in Curtis, and Jeff Wilson will continue at Curtis in his current role as CEO.