Headquartered near Brescia (Italy), FAD Wheels is a leading producer of high-quality steel wheels (8″ to 34" in diameter) for agriculture and construction vehicles, forklift trucks and caravans. Supplying Europe's leading commercial vehicle OEMs and resellers, the company can look back on a corporate history of over 65 years. The strategic acquisition of FAD Wheels strengthens the group's market position and expands its production capacities as well as the technical and operational know-how in the field of agriculture and forklift wheels. FAD Wheels will be developing, producing and selling directly to the customers in future. Mr. Goran Mihajlovic will be appointed as FAD Wheels' new CEO and Chairman of the Board. He will manage the daily operations at FAD Wheels together with the incumbent local management team, led by Massimo Limonta.
Goran Mihajlovic, CEO and Chairman of Gianetti: "We see a huge potential in FAD Wheels operations and are convinced that - together with Gianetti - this group has great growth opportunities. The focus on product innovation, complete product offering and operational excellence towards customers will be key for successful future growth. We look forward to support our management teams to expand the group and build a leading European steel wheel manufacturer."
About QCP: QCP is a manager of funds who invests in corporate carve-outs and other special situations across Europe ("Quantum Group"). The QCP operations are managed through its Munich headquarters, as well as its offices in Milan and Madrid. The Quantum Group acquires companies with significant potential for operational improvement, growth and development. As an active and responsible owner, Quantum Group works closely with local management to ensure that its subsidiaries implement a continuous development plan and growth strategy. Since its inception in 2008, the Quantum Group has acquired a variety of businesses from world-leading companies such as Robert Bosch, Stora Enso, Dürr, Airbus, Nestlé, Mahle, Tenneco and Norsk Hydro. With a total of 23 completed acquisitions since 2014, the Quantum Group is one of the most active investors in its sector.