Investor consortium Novastone Capital acquires fastener manufacturer Mecavit

A consortium of local and foreign investors, led by Novastone Capital, has successfully completed the acquisition of fasteners manufacturer Mecavit.

Investment in the company and a new CEO have been announced as part of the move.

Founded over four decades ago, Mecavit has been a trusted name in fasteners manufacturing. Its three dedicated shareholders have steered the company through years of growth, building a reputation for high-quality products, technical expertise and reliability.

Mecavit, based in Castel Guelfo, Bologna, Italy, specialises in manufacturing standard and special screws made of carbon steel, as well as hardened and tempered steels. Its internationally certified quality system adheres to UNI EN ISO 9001:2015 and IATF 16949 standards, granted by TUV. Mecavit has maintained documented and recognised standards of excellence in its production processes.

Mecavit is also a preferred supplier for the automotive industry, providing high-quality screws that meet stringent standards. Its commitment to excellence and certified production processes makes it a reliable choice for automotive manufacturers, the firm said.

Now, as part of the acquisition, these shareholders will reinvest in the company, ensuring continuity and preserving the legacy they’ve worked hard to establish.

The appointment of Nicoletta Nutrito as the new CEO further solidifies the commitment to excellence. A local resident with deep roots in the area, Nicoletta brings a wealth of experience in operations and engineering. Her vision is clear: to maintain the company’s high standards while driving innovation and growth.

“Our goal,” says Nicoletta, “is to build upon the foundation laid by our predecessors. We’ll continue to prioritize quality, technical know-how, and reliability, ensuring that our customers receive nothing less than the best.”

Two of the three original shareholders expressed their joy at continuing this journey alongside Nicoletta. Their active involvement in the company will provide valuable continuity and expertise, the press statement added.