Venanpri Group is a leading manufacturer of wear components and hand tools for the agriculture, construction and gardening industries.
June 2015 – Present
ONCAP acquired a minority interest in Venanpri Group (“VG”) in June 2015.
Based in Benton Harbor, Michigan and Legazpi, Spain, Venanpri Group is a global leader in the manufacturing of high-precision consumable wear components embedded into agricultural soil preparation implements, primarily under the Ingersoll and Bellota AgriSolutions brands and serves both the OEM and aftermarket channels. VG is also a leading manufacturer and distributor of hand tools for the agriculture, construction and gardening end markets in Europe, North America and Latin America under leading brands including Bellota, Corona, and Burgon & Ball.
ONCAP was attracted to VG for several reasons, including its: (i) strong market position globally in the consumable agricultural products and locally in several hand tool markets;
(ii) strong diversity across all metrics (customer, product, facility, geography, SKU, brand and end-market); (iii) attractive, well-recognized consumer and professional brands; (iv) strong positioning in higher growth emerging markets; (v) core industry growth trends and long-term tailwinds; (vi) opportunities for improved coordination and integration amongst the divisions; and (vii) acquisitions in a fragmented sector.