ITALY - MPS backs safety equipment and components firm OMP
MPS Venture has acquired a 31% stake in safety equipment and components firm OMP alongside Gruppo, which holds 51% and Luxembourg holding MFO Racing.
The deal was carried out through Progetto Racing, a newco created for the purpose of the investment. The company specialises in the production and distribution of fireresistant clothing and covers for use mainly with F1 and rally drivers. In 2007 the company reported a turnover of EUR 16.5m. It exports 70% of its output.
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