Cogne Acciai Speciali finalizes the acquisition of Mannesmann Stainless Tubes
Yesterday, having obtained the authorizations from all the competent authorities, Cogne Acciai Speciali finalized the acquisition of Mannesmann Stainless Tubes GmbH from Salzgitter AG.
Mannesmann Stainless Tubes, with subsidiaries and operating facilities in Germany, France, Italy and the United States, is active in the manufacturing and commercialization of seamless stainless steel and nickel alloys tubes and pipes, with a global presence and a top-notch Customer base.
Massimiliano Burelli, Chief Executive Officer of Cogne Acciai Speciali, declares: “With this new acquisition we realize a further step in our strategy, which brings us a historic player in the seamless tube market, whose upstream integration with Cogne will make it even more competitive. Upon joining the Group, the company will be renamed DMV to strengthen the conditions of excellence and entrepreneurship that have made it great."
Cogne Acciai Speciali has been supported by lawyer Vittorio Noseda and his ADVANT-Nctm team.
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