The agreement involves Marcegaglia Steel transferring its production facilities in Italy and Poland, managed by Marcegaglia Buildtech and Marcegaglia Poland, to Isopan Spa, whereas Marcegaglia Steel will acquire a 50% stake in Isopan Spa owned by the Manni Group. The partnership includes 16 production lines at the Pozzolo Formigaro, Trevenzuolo and Patrica plants in Italy, as well as facilities in Spain, Romania, Poland and Mexico, strategic locations to serve the North American market. Together, these initiatives will operate under the ISOPAN and MARCEGAGLIA RWD brands.
Francesco Manni, President of Manni Group, stated that the agreement is a milestone for their company: “This partnership reinforces our internationalization strategy and this agreement, coinciding with Isopan's 50th anniversary, occupies an important place in our company's history. With this synergy, we will take steps to make a major contribution to the decarbonization of the construction industry by offering more innovative and sustainable solutions to the sector.”
Antonio and Emma Marcegaglia, co-presidents of the Marcegaglia family, stated: “This partnership is the result of a long and fruitful collaboration in steel processing. By combining strategic infrastructures, we will invest in research and development and provide the industry with more efficient building solutions. We will offer an ideal solution to meet the demands of steel, civil and industrial construction, guaranteeing quality, safety and environmental sustainability.”
The company is expected to focus on the production of insulated panels and compartment door panels, with the aim of becoming a major player in the Italian market and the second largest panel manufacturer in Europe. This partnership, which will serve more than 70 countries around the world, is expected to generate revenues of approximately 500 million euros and employ 700 people.
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