CVB, based in Piedmont, produces special fasteners.Total sales are about €20 million for automotive (50%), electrical (25%) and other (25%) applications. In Italy CVB ranks among the top 10 independent manufacturers.
Gruppo Agrati, based near Milan, is the Italian leader in fastening systems with total sales of about €150 million, six companies/plants, and commercial branches all over the world.
With the acquisition, Agrati extends its product range to cold-formed parts and increases the share of special products to over 85% of total sales.
The family owners of CVB appointed Cross Border because of its proven ability to find the best new owner for a family business. Cross Border discreetely approached a carefully selected sample of international strategic buyers with synergies, until Agrati Group was chosen.