PR90639

NEW YORK, July 14, 2021 /PRNewswire=KYODO JBN/ --

-- EXPANDS GLOBAL PLATFORM IN EXTRUDED ALUMINUM PROFILES

-- COMPLETES ACQUISITION OF PROFILE CUSTOM EXTRUSIONS, LLC

KPS Capital Partners, LP ("KPS") announced today that it has completed the

acquisition of Metra Holding S.p.A. and Metra S.p.A., (collectively "Metra"), a

global manufacturer of extruded aluminum. KPS also completed its acquisition of

Profile Custom Extrusions, LLC ("Profile"), a U.S. manufacturer of extruded

aluminum, from Highlander Partners, L.P.  Metra and Profile will be combined to

form a leading, global extruded aluminum profile platform with a strong

presence across both Europe and North America.

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Metra is a global, vertically integrated manufacturer of extruded aluminum

profiles and related value-added services, including painting, oxidation,

machining, welding and assembly.  Metra offers a full range of extruded

aluminum profiles, which are used primarily in the industrial and building &

construction end-markets across Europe and North America.  Metra employs

approximately 850 employees across five plants in Italy and Canada.

Profile is a U.S. manufacturer of custom, extruded aluminum profiles and

related value-added services including painting, anodizing, thermal break and

precision cutting.  Profile provides a variety of custom extruded aluminum

profiles to diverse end-markets including residential and commercial

construction, HVAC, hurricane protection, transportation, electrical and

marine.  Profile employs approximately 170 employees in its sole facility in

Rome, GA.

Pierre de Villemejane, a Partner of KPS Mid-Cap Investments ("KPS Mid-Cap"),

said, "By combining Metra and Profile, we will create a robust global extruded

aluminum platform with an unparalleled reputation for reliability, superior

quality and customer service.  The strategic and industrial logic of combining

Metra and Profile is compelling, as the transaction allows Metra to continue to

expand its presence in new end-markets and provides a foothold for future

acquisition opportunities in North America.  We look forward to continuing to

rapidly grow the combined business both organically and through a global

acquisition strategy."

Enrico Zampedri, Chief Executive Officer of Metra, said, "The acquisition of

Profile is an important step in Metra's continued geographic expansion and

diversification.  We are very impressed by Profile's manufacturing capabilities

and the strength of its relationships with customers.  Furthermore, the

acquisition of Profile will significantly enhance the combined business'

presence in North America and will provide the opportunity to share best

practices across the two businesses that will result in better quality and

service to our customer base.  We are excited to work collaboratively with the

Profile team to continue to build a best-in-class global extruded aluminum

manufacturer."

David Newby, President of Profile, said, "The real winners of this combination

are the customers of Profile and Metra.  Our customers will now have access to

the strengths of both businesses as we combine the very best manufacturing

processes, products and services across a global manufacturing footprint.  We

remain committed to providing the world-class quality, delivery and customer

service that Profile is known for throughout the industry as we embark on this

new and exciting phase at Profile.  The entire Profile management team is

excited to operate under KPS and Metra's ownership to continue to build upon

our long and successful history."

Financial terms of the transaction were not disclosed.  Paul, Weiss, Rifkind,

Wharton & Garrison LLP served as legal counsel to KPS for the acquisition of

Profile.  Fidus Partners, LLC served as financial advisor and Foley & Lardner

LLP served as legal counsel to Highlander Partners, L.P. for the sale of

Profile.

About Metra

Metra is a global, vertically integrated manufacturer of extruded aluminum

profiles and related value-added services, including painting, oxidation,

machining, welding and assembly.  Metra offers a full range of extruded

aluminum profiles, which are used primarily in the industrial and building &

construction end-markets across Europe and North America.  Metra is

headquartered in Rodengo Saiano, Italy, with five strategically located

manufacturing facilities across Italy and Canada.  For additional information,

please visit www.metra.eu/en/.

About Profile Custom Extrusions, LLC

Profile is a U.S. manufacturer of custom extruded aluminum profiles and related

value-added services including painting, anodizing, thermal break and precision

cutting.  Profile provides a variety of custom extruded aluminum profiles to

diverse end-markets including residential and commercial construction, HVAC,

hurricane protection, transportation, electrical and marine.  Profile operates

one strategically located manufacturing facility in Rome, GA.  For additional

information, please visit www.pcextrusions.com.

About KPS Capital Partners

KPS, through its affiliated management entities, is the manager of the KPS

Special Situations Funds, a family of investment funds with approximately $12.8

billion of assets under management (as of March 31, 2021).  For nearly three

decades, the Partners of KPS have worked exclusively to realize significant

capital appreciation by making controlling equity investments in manufacturing

and industrial companies across a diverse array of industries, including basic

materials, branded consumer, healthcare and luxury products, automotive parts,

capital equipment and general manufacturing.  KPS creates value for its

investors by working constructively with talented management teams to make

businesses better, and generates investment returns by structurally improving

the strategic position, competitiveness and profitability of its portfolio

companies, rather than primarily relying on financial leverage.  The KPS Funds'

portfolio companies have aggregate annual revenues of approximately $13.5

billion, operate 156 manufacturing facilities in 23 countries, and have

approximately 40,000 employees, directly and through joint ventures worldwide.  

The KPS investment strategy and portfolio companies are described in detail at

www.kpsfund.com.

KPS Mid-Cap focuses on investments in the lower end of the middle market that

require up to $100 million of initial equity capital.  KPS Mid-Cap targets the

same type of investment opportunities and utilizes the same investment strategy

that KPS' flagship funds have for nearly three decades.  KPS Mid-Cap leverages

and benefits from KPS' global platform, reputation, track record,

infrastructure, best practices, knowledge and experience.  The KPS Mid-Cap

investment team is managed by Partners Pierre de Villemejane and Ryan Harrison,

who lead a team of experienced and talented professionals.

SOURCE KPS Capital Partners, LP

CONTACT: Business Inquiries: KPS – 212.338.5100

Media Relations: Jennifer Prosek or Philip Walters, + 44 777 333 1589 or pro-KPS@prosek.com