In the course of 2023, the company’s founders made the strategic decision to seek an equity partner to maximise the company’s future prospects, which resulted in a partnership with Leo1X Srl, a Milan-based family office of American and Italian investors with an extensive expertise in manufacturing and distribution industries. The partnership was announced in October 2023.
Leo1X was founded by four highly experienced partners – Galeazzo Scarampi, Nicolò Vergani, Giuseppe Grimaldi, and Federico Foscale – with the goal of investing in solid, profitable niche middle market businesses in Italy and grow them through acquisitions, operational and commercial improvements as well as significant capital investments.
The primary objective is to bolster Leonix’s growth trajectory providing the management team with all necessary resources to expand the company’s geographical footprint, diversify its product range, venture into new target markets, and actively seeking complementary acquisitions.
The new investors and board members are fully committed to nurture the success of both the company and its employees, ensuring a seamless continuation of the current team and corporate culture with enhanced financial and operating support.
The Cattinori family will remain to lead the company’s next exciting phase. The unchanged Leonix team will therefore drive the company’s growth, leveraging the experience and the network of accomplished industry professionals that each member of Leo1X has developed over the years.
Each partner at Leo1X brings extensive background and vision to the team, reinforcing the collective resolve to lead Leonix Fasteners towards greater heights. Together, they are poised to propel Leonix into a leadership role within the global fastener industry, where customer service, innovation and quality converge to set new standards.
