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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.
