On November 26, 2024, Bufab finalized the acquisition of VITAL S.p.A., a leading Italian C-parts distributor. Founded in 1975 as a family-run business, VITAL S.p.A. is headquartered in Milan and specializes in serving industries such as electrical, mechanical, railway, and construction. In recent years, VITAL S.p.A. has demonstrated rapid growth, achieving net sales of €48 million in 2023, and exceeding Bufab's 2026 profitability target with its operating profit margin.

Bufab, a Swedish company established in 1977 and operating in 28 countries, is a key player in the fasteners market for electronic products. Bufab believes that this acquisition will strengthen its business in Italy and enhance its service levels.

Figure: Mr. Yang Junfeng, Chairman of CFM, accompanied Secretary Ma Hongguang of Yongnian District and others to visit VITAL in March 2023.