Brugola, the story continues: ownership of the group returns to 100% of the family

There Oeb Allen key it’s a family affair. After 34 years the ownership of the historic Lissone company has returned to 100 percent of the Brugola family, who closed theto reacquisition of 30 percent of shares in the hands of two minority shareholders, the Fontana Group and the Agrati Group. As highlighted by the top management of the world’s leading company in the sector of socket head screws for engines, the choice to repurchase is “a strategic decision that reflects the growth perspective and commitment to developing future opportunities”.

President Jody Brugola he explained that the operation represents a dream, the same dream of his father Giannantonio Brugola, realized in honor of his grandfather Egidio. Two people who“They have dedicated passion and commitment to building this company”, but it doesn’t end there. The company is always project-oriented and has numerous objectives to pursue: “Thanks to this operation, which occurred at a strategic moment, we can continue to respect our expansion and growth plan.”

The financial director Alessandro Galbarini spoke of a strategic buyback, considering that the group is going through a phase of constant growth. And above all, a significant increase in production capacity and profitability is looming for both 2024 and 2025: “We expect a 15% increase in volumes compared to 2023, with a further +10% already expected for 2025”his words reported by Day. Investments will continue, with attention to environmental impact and the connection with the territory.

Oeb Brugola produces more than 800 different types of screws and boasts more than 500 employees between Italy and the USA (factory in Michigan, ed.), but the history starts from afar, precisely from 1926. Egidio Brugola created the company as a factory of special washers and rings for engines and similar. The diversification of production led to the historic patent of the Hexagonal Hollow Screw with Twisted Shank and allowed the company to resist during the Second World War, also thanks to the principle of solidarity that animated the company and the founder.

With the economic boom and under the leadership of his son Giannantonio Brugola, the production range and sales areas expanded, especially with exports to Europe and overseas.

The rest is history: the company is a point of reference for the automotive industry and today is in the third generation of the Brugola family with the aforementioned Jody, who in 2018 became Commander of Merit of the Italian Republic.