CMC majority acquired

By Euan Youdale11 November 2022

Alessandro Mastrogiacomo Alessandro Mastrogiacomo, CEO of CMC.

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.”

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, International Rental Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Latest News
New partnerships expands Easy Lift revenue
Spider lift producer points to succesful dealer partnerships and continued growth in Italian rental market 
REIC seals Illinois acquisition
Rental company signs deal for dehumidification and heating specialist
Palazzani ups capacity and working areas
Models see overhaul of capacities and new stabilisation system 
CONNECT WITH THE TEAM
Ollie Hodges Publisher Tel: +44 (0)1892 786253 E-mail: ollie.hodges@khl.com
Belinda Smart
Belinda Smart Editor Tel: 44 (0)1892 786209 E-mail: belinda.smart@khl.com
CONNECT WITH SOCIAL MEDIA