MILAN, June 20, 2014 /PRNewswire/ — The Fontana Gruppo, an Italian industrial company, today becomes the worldwide leader in providing world-class fastener solutions in the automotive, industrial and related industries as a result of the acquisition, on June 19^th, 2014 of Acument Global Technologies Inc., the leader in providing manufactured, highly engineered fastener solutions for the United States, Mexico and the South America markets.

Fontana Gruppo expands its global presence with a combined annual turnover of $1.1 billion, with 4,200 employees and 22 manufacturing operations located in Europe, North America, Mexico and Brazil and logistics centers in all continents of the world. “We are excited about the combination of these two companies which gives us significant presence to service our customers in all established automotive and industrial markets in the world,” said Giuseppe Fontana, Owner and Chairman of Fontana Gruppo.

This transaction demonstrates the commitment of the Fontana Gruppo to enhance the success of its global customers by expanding its global reach, acquiring world-class brands and patents and improving its ability to offer the most competitive fastening solutions.

SOURCE Acument Global Technologies Inc.