Progold Acquires ABI Manufacturing International
With the acquisition of ABI Manufacturing in Thailand, Progold strengthens its presence in Asia and accelerates its industrial plan with new synergies and opportunities in the jewelry sector
Progold S.p.A., an Italian company headquartered in Trissino (Vicenza), and an international leader in the development and production of precious metal alloys and advanced additive technologies for the jewelry industry, announces the acquisition of the entire share capital of ABI Manufacturing International Ltd, a Bangkok-based company operating in the same field.
This transaction marks a key strategic step for Progold, strengthening its presence in a high-potential geographical area such as Asia, with the aim of consolidating the Group’s global leadership in the field of precious metal alloys and additive technologies for jewelry.
The operation aims not only to enhance Progold’s commercial presence in the Asian market but also to strengthen strategic relationships with leading industry players in the region, accelerating the implementation of the Group’s industrial plan and opening new growth opportunities.
ABI Manufacturing International Ltd, a historic U.S. brand founded by Gary Ford, will continue to operate under its own name and organizational structure, benefiting from integration with Progold’s technological expertise, financial resources, and innovative capabilities. Operational management will remain in the hands of current CEO Nongluck Julsuwan and COO Noppadon Niwattannan, thus ensuring strategic continuity. The Board of Directors will be expanded to include Damiano Zito, President and CEO of Progold, Gemma Michelin, Deputy CEO of Progold, and Thomas Hammershøy Nyborg, Board Member of Progold.
The acquisition was actively supported by LBO France, a pioneer in private equity in France and a multi-specialist, multi-country investment platform. Active in Private Equity, Real Estate, Venture Capital, and listed markets, LBO France has expanded its activities in Europe in recent years, particularly in Italy with Polis SGR, and in Africa through its subsidiary CGF Bourse. LBO France is among the founding members of the international climate initiative and one of the first signatories of France Invest’s gender equality charter. Since December 2021, Progold S.p.A. has been backed by LBO France through the Small Caps Opportunities fund.
Thanks to this transaction, Progold S.p.A. takes a decisive step in its international development journey, combining strategic vision, industrial excellence, and technological innovation.
This transaction marks a key strategic step for Progold, strengthening its presence in a high-potential geographical area such as Asia, with the aim of consolidating the Group’s global leadership in the field of precious metal alloys and additive technologies for jewelry.
The operation aims not only to enhance Progold’s commercial presence in the Asian market but also to strengthen strategic relationships with leading industry players in the region, accelerating the implementation of the Group’s industrial plan and opening new growth opportunities.
ABI Manufacturing International Ltd, a historic U.S. brand founded by Gary Ford, will continue to operate under its own name and organizational structure, benefiting from integration with Progold’s technological expertise, financial resources, and innovative capabilities. Operational management will remain in the hands of current CEO Nongluck Julsuwan and COO Noppadon Niwattannan, thus ensuring strategic continuity. The Board of Directors will be expanded to include Damiano Zito, President and CEO of Progold, Gemma Michelin, Deputy CEO of Progold, and Thomas Hammershøy Nyborg, Board Member of Progold.
The acquisition was actively supported by LBO France, a pioneer in private equity in France and a multi-specialist, multi-country investment platform. Active in Private Equity, Real Estate, Venture Capital, and listed markets, LBO France has expanded its activities in Europe in recent years, particularly in Italy with Polis SGR, and in Africa through its subsidiary CGF Bourse. LBO France is among the founding members of the international climate initiative and one of the first signatories of France Invest’s gender equality charter. Since December 2021, Progold S.p.A. has been backed by LBO France through the Small Caps Opportunities fund.
Thanks to this transaction, Progold S.p.A. takes a decisive step in its international development journey, combining strategic vision, industrial excellence, and technological innovation.