20
Feb
10:46
Cogne acquires Mannesmann Stainless Tubes, eyes increased sales
Walsin Lihwa, the leading stainless steelmaker in Taiwan, has purchased 100% equity of Mannesmann Stainless Tubes GmbH (MST) from German steelmaker Salzgitter Group. The deal was done through Walsin Lihwa’s Italian subsidiary, Cogne Acciai Speciali (CAS), for €135 million ($146m).
The transaction is subject to regulatory approvals by authorities, Kallanish notes.
Walsin Lihua says: "The recent series of acquisitions not only build CAS's unique…
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