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BBB Acquires M&R Precision Parts From Abac Solutions

The transaction encompasses the entirety of the business.

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BBB Industries, LLC, a remanufacturing industry leader in the automotive aftermarket, announced recently that it has acquired the equity interests of Grupo Metalcaucho consisting of Industrial Metalcaucho, Servicio y Technologia del Caucho and Grupo Cautex, more commonly known as “Metalcaucho.” The transaction encompasses the entirety of the business.

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Headquartered in Barcelona, Spain, Metalcaucho is a European aftermarket supplier in the rubber and metal product segment, with a catalog including more than 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 product development and sourcing capabilities that bring speed to market with new products. Combined with high customer service levels, Metalcaucho 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.”

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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.

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