29
May
01:00
Gonvarri Steel acquires Spanish wind sector component producer
GRI Renewable Industries (GRI), part of Spain’s Gonvarri Steel Industries (GSI), has acquired the Spanish wind industry component manufacturer TS Fundiciones, Kallanish learns from GRI.
The news follows the auction held on May 26 by the Commercial Court of San Sebastián, where the GRI subsidiary, Iraeta Wind, acquired the component producer. The offer submitted by the group of €5.1 million ($5.6m) exceeded the sum offered by other competito…
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Very good overview of the weekly steel market.
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