Anglo European Group and Joe Martoccia have led a consortium in forming Aluminium Developments Group and acquiring Corby based aluminium extrusion and component manufacturing business, Aluminium Shapes.
Employing more than 60 people, Aluminium Shapes serves a wide range of industries and claims to offer its customers ‘a complete end-to-end service’, from design and prototyping, right through to component production.
Leading the acquisition, Joe Martoccia has been appointed group CEO and will be based at Aluminium Shapes’ head office and production facility in Corby. Joe commented: “Investment from Anglo European Group, existing shareholders and the management team, together with funding from AIB (GB) delivers a well structured, robust platform for growth in what is an exciting and dynamic sector. Collaboration with Anglo European in the fenestration and road transport markets will provide additional opportunities for growth, building on what is an already diverse customer base.
“This is an amazing business with a successful history and strong pedigree. I was overwhelmed by the enthusiasm, support and expertise of the team. There is a genuine ‘can do’ attitude which underpins the company’s superb customer service and quality ethos. Aluminium Shapes is a solid company and with the additional investment and combined expertise of the management team we can significantly accelerate the growth of the business.”
