Unigasket

UNIGASKET acquires MTO Hose Solution and strengthens its presence in North America

Thanks to this operation, Unigasket – controlled by the private equity fund Palladio Holding and Vittorio Calissi – continues its expansion project on international markets and reaches the threshold of € 100 million in turnover.

Unigasket Group, with headquarter in Villongo (BG), active in the production of industrial PTFE tubes and hoses, gaskets and sealing, controlled by Palladio Holding and Vittorio Calissi, announces that it has completed the acquisition of the majority of MTO Hose Solution Inc., a leading US company in the production and marketing of PTFE tubes.

Thanks to this operation, Unigasket consolidates its positioning in North America and gives life to a Group with a turnover of more than € 100 million in 2022, with an export share of around 60%. The acquisition of MTO represents a further synergistic acquisition completed by Unigasket, after the strategic integration of the companies Allegri Cesare SpA (Italy) and Polyfluor Plastic B.V. (Holland) occurred in 2021, and represents a further step in the strategy of expansion on international markets and diversification in particularly attractive sectors, which the Group aims to continue in 2023 as well. The objective is to consolidate the positioning on current markets and continue in the growth plan as an aggregative platform through further synergistic acquisitions.

Unigasket operates in the Sebino gaskets district and, for over 30 years, it has been a global player of reference in the design and production of industrial hoses and gaskets in PTFE, Silicone and Thermoplastic Polymers which find application in many industrial segments, from hydraulics to medical , from the automotive to the household appliance. The Group has its headquarters in Northern Italy with a factory of approximately 16,000 m2 in Villongo (Bergamo), and operates with branches in Romania, Poland and the Netherlands. Its products are distributed through an international network of subsidiaries and agents in the USA, Hong Kong, India, Spain and the Netherlands. Since 2018 it has been 75% controlled by PFH Palladio Holding while the remaining 25% is held by the president and founder of the Unigasket Group, Vittorio Calissi.

MTO Hose Solutions is based in Newark in Delaware (USA) and controls a branch in Texas and has been active for over 20 years in the medical, aerospace, automotive, semiconductor, pharmaceutical, chemical, oil & gas markets, offering products with high added value and highly innovative technical solutions. The company achieved a turnover of approximately 10 million dollars in 2022.

The acquisition of the American MTO Hose Solution also represents an important further strategic development of the Unigasket Group which aims to strengthen its leadership in the market of fluorinated polymers which will increasingly find use in new generation technologies thanks to their exceptional physical and mechanical performance. Alongside the external growth launched by the management with the support of Palladio, in recent years the development strategy of Unigasket has foreseen a significant investment plan, aimed at supporting the expansion of production capacity, the efficiency of existing production lines and the expansion of the offer.

Vittorio Calissi, President of the Unigasket Group, declared: “We are honored to welcome a reality like Mto Hose Solution into our Group: it is a company of extraordinary quality in terms of the range of products, the reference customers, the outlet sectors , as well as for the strength of the management and the work team made up of highly qualified people. We are certain that by exploiting the enormous synergies with a primary player such as Unigasket, we will be able to obtain important results for the Group in the near future, while at the same time strengthening our competitive positioning in an important market such as the North American one”.

Don J. Malizia, Umberto Ferrari and Andrew Protti, current shareholders of Mto Hose Solutions Inc., declared: “We are very happy to have carried out this operation because we are convinced that the integration with an international group such as Unigasket will create the conditions for a further phase of growth of the company in our reference sectors, allowing us important synergies. We welcomed the proposal of Unigasket to become part of their family with great enthusiasm”.

Simone Giovannelli, senior partner of PFH Palladio Holding, said: “The acquisition of Mto Hose Solutions represents a further important step in the implementation of the strategic plan of the Unigasket Group. We believe that in terms of size, managerial competence, commercial presence, technology and production know-how, the Group is today an undisputed market leader in its reference segments”.

Unigasket was assisted by Stefano Cignozzi, Michael Rueda and Francesca Nobili of Withers as legal advisors; and by Luigi Parente of EisnerAmper as tax advisor.

The Unigasket Group – about 500 employees – is active in the production of industrial hoses and gaskets in PTFE, silicone, thermoplastic polymers and elastomers of all types. Its products, distributed to more than 2,000 customers, find applications in the industries of hydraulics, medical, industrial automation, automotive, motorbikes, trucks and trailers, coffee machines, both domestic and professional kitchen ovens and other appliances. Unigasket has production and logistics plants in Italy, the United States, India, the Scandinavian countries, Spain, China, Germany, Poland, Romania and the Czech Republic. Founded in 1987 by Vittorio and Danilo Calissi, in 2018 the Group was acquired by PFH Palladio holding.

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