Fontana doubles in US with purchase of Mnp Corporation

In March, India, now the United States. A few weeks after the acquisition of Right Tight Fasteners, Fontana Gruppo relaunches with another operation, of greater dimensions, acquiring control of Mnp Corporation, one of the largest North American producers of tightening systems. A heavy acquisition, which brings with it five factories, a thousand employees, 350 million additional revenues in one of the key markets of the world.

"This is an operation we have been working on for over a year - explains the CEO of Fontana Gruppo Giuseppe Fontana - and therefore it has no specific connection with the risk of duties and Trump's choices. It is actually the continuation of our strategy of approaching the markets, direct localization which is crucial to be able to best serve customers. With Mnp there are good complementarities both in terms of production and customers, with limited overlaps, an ideal partner for further growth in that market".

With this operation, Fontana, which closed 2024 with 850 million in revenues, is therefore projected well beyond that threshold, to 1.3 billion, reaching a perimeter of 6 thousand employees distributed across 26 factories, half of which are now located in the United States, the group's first market, which is now worth half of the overall revenues.

"2025 is in fact a turning point for us - adds the entrepreneur - as happened in 2014 with other acquisitions. It is an important leap in size, a path we believe in, and which we intend to continue, in the expansion strategy on local markets. With this acquisition we will be able to guarantee at the same time a significant expansion of local production capacity while maintaining high quality standards and becoming the largest fastener manufacturers on the American and world markets".

Fontana Gruppo, founded in 1952, closed 2024 with revenues of 850 million, realizing most of its business abroad (Italy is worth about 10% of sales, a share that will drop further in light of recent acquisitions) focusing in particular on tightening systems dedicated to the automotive sector, a broader area that is worth two thirds of the overall turnover. A position that is now strengthened with the acquisition of Mnp, also carried out on the basis of a "genetic" affinity, taking into account the family matrix of the company, founded in 1970. "We have always known them as competitors - explains Fontana - and it is a solid and respected reality, with a corporate culture similar to ours. They also have a strong presence in the automotive sector, as do we, with an important presence for example with a key customer like General Motors. Steel? Just like that of our sites, it is purchased largely in the USA, a small share comes from Canada but the customs impact of the new tariffs will be limited for this reason".