Bufab completed the acquisition of VITAL for €54.1.

Bufab, a trading company providing C-Parts sourcing, quality control, sustainability and logistics services, completed the acquisition of VITAL, an Italian fastening systems C-parts distributor, for €54.1. “I am very happy to announce this acquisition, as we see VITAL as a great opportunity to build up our Italian footprint and increase our service level to the customers we are currently supporting there. It is a stepping stone of a suitable size with a great reputation that in the future can be used as a platform for add-on acquisitions and drive market consolidation in a highly fragmented market. Furthermore, we see that Bufab and VITAL complement each other and we will deepen our presence in Italy and southern Europe by learning from the VITAL team with great and long experience in the region,” Erik Lundén, Bufab President and CEO.