Italian manufacturer Sapa, which specialises in next-generation components for the sustainable mobility industry, has acquired a majority stake in the Galician group Hispamoldes, which manufactures technical plastic parts for the automotive market.

The operation has given the Sapa group a foothold in the Spanish market. The seller, Quarza Inversiones, will retain a minority shareholding. Grupo Indea will be created by the integration of Hispamoldes in Sapa, which the Italian company and the fund created in 2019 by Cristian Abelló want to turn into Europe’s leading supplier of components for sustainable mobility.

A benchmark in the Spanish market
Headquartered in Orense, Hispamoldes is a benchmark in the Spanish automotive market thanks to its specialisation in thermoplastic injection and production of moulds and injection tools. It has 300 employees at its three Spanish plants and a fourth in Morocco, with a turnover of around 38 million euros per year.

With a customer portfolio boasting leaders like the Volkswagen Group, the management team will remain unchanged after the purchase. Among its objectives, it must implement consolidation and expansion plans, improve and increase its turnover, expand its geographic scope and diversify the customer portfolio.

Sapa specialises in plastic injection moulding and serves important customers like Stellantis, Volkswagen, Ferrari and BMW. It has eight production plants worldwide and more than 1,500 employees, and in 2022 its turnover amounted to around 250 million euros.

New productive technologies
According to Sapa España’s CEO, Giovanni Affinata, “As well as signifying our entry into the Spanish and Moroccan markets, this acquisition is very complementary since it will enable us to boost the productive technologies that will increase the reach of our One-Shot method, a patented system capable of combining all the necessary steps for producing automotive components into one that offers a more sustainable, agile and economical alternative to today's traditional methods”.

Its new partner, Cristian Abelló, explained, "This transaction marks an important step forward for Hispamoldes, now Indea, as it will provide leverage to accelerate its growth and broaden its reach, solidifying its competitive position by providing new capabilities on multiple levels and aligned with our customers' strategies and needs, and thereby strengthening its competitiveness as a manufacturer of technical plastic parts".

^{Photo: Sapa}