23
Jul
11:58
German fund acquires Italian tube maker
Italy’s Profiltubi has sold a majority stake to German investment fund Auctus Capital Partners. The re-roller was previously controlled by the Alfieri family, which will remain a minority shareholder, Kallanish notes.
Together with Auctus Capital Partners, Profiltubi aims to widen its product range through new investments, improve the efficiency of its existing equipment and strengthen its presence in Europe. The new owners have appointed Giorgio Friger…
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Very good overview of the weekly steel market.
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