Kingsbury Luxembourg s.à.r.l., an Ausable Capital Partners portfolio company, sold a majority stake of Negri Bossi S.p.A., an Italian company active in the manufacture and sale of injection moulding machines and robot equipment, to Nissei Plastic Industrial Co., Ltd.

Negri Bossi has been assisted by financial advisor K Finance (Clairfield Italy). Law firm NCTM assisted on the legal aspects.
Nissei has been assisted by financial advisor Yamada Consulting Group. The financial and fiscal due diligence has been conducted by Grant Thornton Financial Adviosry Services. Law firm Allen & Overy assisted on the legal aspects.

Established in 1947 in Cologno Monzese (Milan), Negri Bossi has become the number one injection moulding machine manufacturer in Italy, and a major competitor in the high quality industrial moulding machine sector in Europe. Negri Bossi offers a wide range of high-performance injection moulding machines, which offering exclusively includes ultra-large injection moulding machines and moulding systems. The Group also provides products and complete solutions that include custom automation tailored to each customer. Negri Bossi has a strong presence in Europe and a solid customer base in a wide range of industries throughout the forty countries where Negri Bossi products are sold. The Group also has an important presence in the USA, Mexico and India. Negri Bossi has achieved revenues of more than €100 million over the last few years, with an average EBITDA margin of approximately 6%.

Nissei Plastic Industrial is a Japanese company listed on the Tokyo Stock Exchange. It is engaged in the manufacture and sale of injection moulding machines, peripherical equipment, parts and dies. The Company operates in three segments: Japan (active in purchase, manufacturing and sale of injection moulding machines and peripherical equipment), USA (engaged in the manufacture and sale of products) and Asia (with China and Thailand affiliates focused on manufacturing and sales).

By acquiring a stake in Negri Bossi, Nissei will be able to expand and strengthen its business domain in the injection moulding machine field. The combination of Nissei’s injection moulding machines and Negri Bossi’s injection moulding technology is expected to expand each product portfolio and provide a comprehensive solution to a wide customer segment.

“Negri Bossi is a well-established injection moulding machine manufacturer in Italy with more than 70 years of history, and this acquisition will enable business enhancement based on a complementary relationship by geographic and product perspective. Consolidated sales of the Nissei group will hit approximately 50 billion Japanese yen (€420 million). In addition to the integration of production, sales and service, we will be able to achieve further growth through global marketing with robot companies” according to Mr Yoda, President and Representative Director of Nissei.