NEW YORK, December 19, 2018 – One Rock Capital Partners, LLC (“One Rock”) announced that one of its affiliates, Robertshaw, a global engineering and manufacturing company focused on controls and solutions for residential white goods and commercial appliances, acquired CastFutura S.p.A. (“CastFutura”), a leading provider of combustion, safety and ignition products for cooking and heating applications.
Since its founding in 1969, CastFutura has built a strong reputation and track record for offering innovative and reliable products for gas systems including burners, thermocouples, spark plugs, igniters and switch harnesses. CastFutura employs approximately 750 employees and has operations in Bulgaria, Poland, Hungary, Italy and Brazil along with CastFutura’s headquarters and engineering center in Terno D’Isola, Italy which is approximately 30 miles outside of Milan.
“CastFutura is a strategic acquisition for Robertshaw that broadens our cooking presence in Europe, South America and the Middle East. The acquisition reinforces Robertshaw’s commitment to serving customers all across the globe,”said Mark L. Balcunas, CEO and President of Robertshaw.
Marco Bonfigli, CEO of CastFutura, added “We are excited to be joining the Robertshaw family and look forward to continue building on our success.”
Managing Partner of One Rock Tony W.Lee, added, “We remain eager to continue to expand Robertshaw’s product offering and global reach. The combination of Robertshaw and CastFutura will undoubtedly create long-term value for customers, employees and partners.”
Robertshaw was advised on this transaction by Hogan Lovells. CastFutura was advised by William Blair (financial) and Accinni, Cartolano & Associati (legal).