Advent-backed Rubix acquires Barlotti, Walter Gondrom

Unquote understands the acquisitions were not backed by fresh equity from the firm.

Rubix Italy acquired Bologna-based Barlotti, while the British Rubix Group acquired Cologne-based Walter Gondrom. The company made the acquisitions to expand into each geographical market and the companies' respective product areas.

Rubix was formed through the merger of Brammer and IPH, following Advent's acquisition of the two companies in 2017.

Company
Barlotti is an industrial distribution business specialised in mechanical power transmission, and focused on the food and packaging sectors. Founded in 1981 and based in Bologna, the company employs 36 people and generates sales of €10m annually.

Walter Gondrom is a supplier of technical rubber goods and fittings; it generated sales of €28m in 2019 and operates seven locations in Germany, with more than 100 employees. The company is based in Cologne and founded in 1955.

People
Rubix Italy – Marco Minetti (CEO).

Advisers
Equity – RSM, Volkmar Berner (corporate finance, tax, financial due diligence).

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