Venanpri Group is a global leader in the manufacturing of agricultural wear components and a leading provider of branded manual hand tools for the agriculture, construction and gardening end markets.
June 2015 – Present
ONCAP acquired a minority interest in Venanpri Group (“VG”) in June 2015.
Based in Hamilton, Ontario 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 branded manual 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.