AFLG Holdings subsidiary American Private Equity acquired Hidrodinâmica, a Brazilian manufacturer of hydraulic presses and of special equipment, for an undisclosed amount.
(Press Release) We are pleased to announce that American Private Equity, LLC, a subsidiary of AFLG Holdings, Inc. (“AFLG”), headquartered in Tampa, Florida has recently acquired Hidrodinâmica, a leader in the manufacture of hydraulic presses and of special equipment, located in Caxias do Sul, Rio Grande do Sul, Brazil. Earlier in the year, AFLG has also acquired Hidralmac Group, a leader in the manufacture of hydraulic machinery based in Araraquara, Sao Paulo.
The acquisition of Hidrodinâmica managed by Mr. Roberto Modesto Fadanelli reinforces our commitment to continue investing in great businesses where our capital and strategic insight can drive transformation. According to Mr. Freddy Russian, CEO and President of AFLG Holdings, Inc., “Brazil is one of the largest emerging markets that is helping to drive global growth and Brazil appears to be favorably positioned for the future regarding manufacturing competitiveness. Our expectation is to consolidate the image of Hidrodinâmica and Hidralmac Group internationally. AFLG will provide an opportunity for international buyers to get in contact with Hidrodinâmica’s high quality machinery.” Our commitment to invest in talent and human capital development will help sustain growth in the long term.