Source: BBB Industries announcement
DAPHNE, Ala. – BBB Industries, LLC, a remanufacturing industry leader in the automotive aftermarket, announced it has acquired the Spanish Grupo Metalcaucho (M&R Precision Parts) consisting of Industrial Metalcaucho, Servicio y Technologia del Caucho and Grupo Cautex, more commonly known as “Metalcaucho”.
Headquartered in Barcelona, Spain, Metalcaucho is a leading European aftermarket supplier in the rubber and metal product segment, with a catalogue including over 22,000 SKUs and sales in more than 64 countries.
Under Abac Solution’s ownership, the fund, together with the management team, have executed a radical business transformation, resulting in industry-leading product development and sourcing capabilities that bring speed to market with new products. Combined with high customer service levels, Metalcaucho is positioned for continued growth in Europe and other regions around the globe.
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BBB’s CEO, Duncan Gillis, commented, “Metalcaucho’s expertise and market understanding across Europe, North Africa and more recently Latin America, along with its proven ability to provide high-quality products complementary to our own is a natural fit across continents. I am excited about the opportunity to bring added value to each of our existing and new customer relationships around the world.”
Rob Rutledge of Genstar Capital noted, “The BBB and Metalcaucho teams have done a terrific job executing on this strategic merger. The newly combined enterprise is well-positioned for continued growth as a leading diversified supplier to the automotive aftermarket.”
Josep Grañó, Metalcaucho’s CEO, said, “We are very proud of Metalcaucho’s numerous achievements and success during Abac’s ownership. We are excited to become a part of BBB and leverage its vast resources, talent and industry knowledge to continue innovating and growing in our core markets.”
BBB Industries is an industry leader in the remanufacturing of starters, alternators, hydraulic and air disc brake calipers, both hydraulic and electronic power steering products and turbochargers for the OEM, passenger and commercial vehicle aftermarket industries. Founded in 1987, BBB Industries, LLC is a private company and a portfolio company of Genstar Capital, headquartered in Daphne, Ala.