Colcom Group Sold to Simonswerk

Wise Equity SGR has sold Colcom Group to Simonswerk GmbH, a supplier of hinges and hinge systems for doors.

Colcom was founded in 1961 by Ezio and Sergio Collio and is based in the Italian town of Nave (Brescia). The business of Colcom Group is related to the development, production and distribution of hinges and fittings for glass doors. The company also offers hydraulic hinges with damping and closing functions. Colcom was acquired by Wise Equity in 2014. As part of the strategic development of the company, the French company Sadev, a producer of fittings for external glass systems such as façades, parapets and balustrades was purchased in 2017.

The Colcom Group has 135 employees and generated turnover of approximately $30.6 million in 2018 with sales in more than 50 countries around the world. Colcom has production sites in Nave as well as several international distribution companies (Canada, Spain and Benelux). The French company Sadev is located near Annecy in France and has subsidiaries in Switzerland and the U.S.

Focused Product Portfolio Expansion

Following the acquisition of a majority stake in Anselmi & C. S.r.l., a producer of concealed hinges for lightweight doors, the takeover of the Colcom Group S.p.A. is a major step in expanding the Simonswerk product portfolio, according to the company.

“We are continuing the international expansion of Simonswerk. The products and the team of Colcom complement our extensive portfolio of hinges with regard to the segment of glass doors,” says Michael Meier, managing director of Simonswerk. “In addition, Sadev allows us to expand our product range to glass fittings for outdoor use on façades, parapets and balustrades. This segment allows us to get into the important project business at an even earlier stage.”

“As an integral part of the renowned Simonswerk Group, Colcom and Sadev are excellently positioned for the future, in order to develop our product portfolio and progress further in serving international sales markets,” adds Gabriele Basile, who has managed the Colcom Group for the last four years and will continue in his role as CEO.

Since the acquisition by Wise Equity SGR in 2014, Colcom has been developing continuously, and has significantly expanded its turnover, profitability and international presence, according to the company. Taking into account the strong organic growth as well as the acquisition of Sadev, the group turnover has more than doubled in the last four years.

“We are very proud of how the company has developed in recent years, both organically and as a result of the acquisition of Sadev. We are delighted that our investments over recent years, and in particular the appointment of a new management team and the reorientation of the sales structure, have contributed to this,” says Luigi Vagnozzi, partner at Wise Equity SGR. “In this way, we have built a solid foundation on which Colcom can continue its above-average growth also in the future. We very much welcome the acquisition of Colcom by Simonswerk, an internationally renowned company from the field of door hinges.”

Integration into the Simonswerk Group

In order to realize its growth opportunities, Simonswerk will continue to invest in the new company, as well as investing in all other locations, according to the company. The entire management team of Colcom Group will stay on board on a long-term basis.

“Simonswerk is a responsible traditional family business that feels a particular obligation to its employees and its locations. This understanding will likewise apply to the new colleagues at Colcom and Sadev, who we warmly welcome to Simonswerk,” says Meier.

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