Curtis, headquartered in Sterling Heights, Michigan, is a provider of engineered protective coatings, pretreatment, heat treatment and technical brokerage services for metal fasteners, with customers in the automotive, construction, military, appliance, aerospace and other industries. Financial terms were not disclosed.
Primat, based in Milan, Italy, is an applicator of coatings for fasteners, primarily for the automotive industry.
Primat will leverage its patented line automation technology at Curtis to become a high-quality, low-cost supplier to automotive customers.
Primat's investment in Curtis gives them a presence in North America that establishes the combined company as a global provider of fastener coating services to the automotive industry. Primat and HCI Equity Partners will continue as shareholders of Curtis, and Jeff Wilson will continue at Curtis in his current role as Chief Executive Officer.
Dan Dickinson, Managing Partner of HCI, commented, "Primat's investment in Curtis creates the most technologically advanced fastener coater supplier in the automotive industry."
"The combination of Primat's best practices with Curtis' location in the heart of the U.S. automotive hub will result in delivering the highest quality standards for its customers."