Callista acquires finova Feinschneidtechnik GmbH from Mendritzki Group
Munich, 19.07.2024. Callista Private Equity GmbH (“Callista”) announces the acquisition of finova Feinschneidtechnik GmbH (“finova”) from Mendritzki Holding GmbH & Co. KG (“Seller”) by Callista Asset Management 19 GmbH (“Buyer”).
As an experienced specialist in fine blanking technology, finova produces components according to individual requirements. These high-precision parts are found in numerous applications, including complex fine blanking, stamping, and forming parts in the automotive and household goods industries. This product range is complemented by significant expertise in machining and tool development. In 2023, the company, with around 110 employees, achieved annual sales of €22.5 million.
In recent years, the company based in Remscheid has suffered from ongoing price pressure and market disruptions in the automotive industry. While other fine blanking companies have already had to file for insolvency for these reasons, the sale of finova has implemented a new, sustainable financing structure that ensures the company’s long-term continuation.
An integral part of the strategic realignment is a focus on sales initiatives, especially outside the automotive industry. Additionally, Callista’s operational experts will support the company in optimizing procurement, organizational structure, and production processes to further improve quality and delivery reliability, and to remain a reliable partner for customers and suppliers.