Italian precious metal alloys and additive technologies supplier Progold SpA has fully acquired Bangkok-based ABI Manufacturing International Ltd to consolidate its global market position. 

According to Progold, the strategic acquisition aims to expand Progold’s footprint in Asia, reinforcing its commercial presence and strengthening relationships with key industry players in the region.

Founded by Gary Ford, ABI Manufacturing will continue to trade under its existing brand and management team, led by CEO Nongluck Julsuwan and COO Noppadon Niwattannan. Its Board of Directors will now include Progold executives, namely President and CEO Damiano Zito, Deputy CEO Gemma Michelin and Board Member Thomas Hammershøy Nyborg.

The transaction was supported by LBO France, a private equity firm which has backed Progold through the Small Caps Opportunities fund since December 2021.