BBB Industries acquires from Abac Solucions the company Metalcaucho

2 June 2020  |  Corporativo

Metalcaucho, european leading supplier of aftermarket spare parts in rubber and metal for the automotive sector, changes ownership. BBB Industries, LLC (BBB), a remanufacturing industry leader in the automotive aftermarket, announced today that it has acquired the equity interests of Grupo Metalcaucho, more commonly known as “Metalcaucho”.  The transaction encompasses the entirety of the business.

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. Combined with the Company’s high customer service levels and high quality products, Metalcaucho is quickly becoming a leading one-stop-shop supplier for rubber and metal products, and it is positioned for continued growth in Europe and other regions around the globe.

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 and together develop new ones.”

Borja Martinez de la Rosa, Abac Capital Partner said: “We are very pleased with the transformation Metalcaucho has gone through over the last four years, where the introduction of digital and big data tools have turned the Company into an industry benchmark and leader in its segment. Along with the help of Metalcaucho’s experienced management team, we believe that BBB is the perfect owner to continue the Company’s success in Europe, North Africa and Latin America.  We thank the Metalcaucho team for their excellent job and wish them all the best in the new phase they are embarking on under the BBB umbrella.”

BBB Industries was advised by Latham & Watkins, while Abac was advised by Greenhill Capital and EY for the transaction.

BBB Industries, LLC 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, Alabama. Please see www.bbbind.com for more information.

Abac Solutions is a private equity fund comprised of institutional investors from Europe, United States and the Asia-Pacific region that invests in Spain-based SMEs with international potential. The fund’s manager, Abac Solutions S.à r.l. is advised by Abac Capital S.L., led by Oriol Pinya, Borja Martínez de la Rosa, Federico Conchillo and Javier Rigau. Abac Capital’s partners accumulate over 60 years of investment experience across numerous industries, geographies and stages of development.

Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high quality companies for over 30 years.  Based in San Francisco, Genstar works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar currently has approximately $19 billion of assets under management and targets investments focused on targeted segments of the financial services, healthcare, industrial, and software industries.