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TRASTEEL SA and VANOMET AG acquire Officine Tecnosider S.r.l.

TRASTEEL SA and VANOMET AG, two Swiss-based leaders in the steel industry, acquired Officine Tecnosider S.r.l. (OTS).

TRASTEEL SA and VANOMET AG acquire Officine Tecnosider S.r.l.

OTS is a leading Italian manufacturer of hot rolled heavy plate for the construction and engineering sector. The company is located in San Giorgio di Nogaro in northeastern Italy and employs 110 people.

OTS operates a state-of-the-art production facility commissioned in 2011. Thanks to its unrivaled plant flexibility and efficiency, it can supply a wide range of heavy plates to various sectors, including general industries.

Ivo Conti, CEO and former shareholder of OTS, commented: "We are confident that the new shareholders will continue our successful business and that the flexibility and efficiency of our plant will continue to give us a competitive advantage. OTS, which was temporarily closed following Covid19, has recently resumed production and plans to return to near full capacity utilization in the second half of the year. Unlike other factories, OTS is able to achieve solid profitability even when operating below full capacity."

Headquartered in Switzerland, TRASTEEL and VANOMET are among the worldwide leaders in the steel industry, covering the entire supply chain from slab procurement to final product production. TRASTEEL has been a minority shareholder in OTS since its inception and, together with VANOMET, acquired the remaining stake from the founders and previous owners in this transaction.

"As long-time shareholders of OTS, we have now taken full control of OTS together with our partner VANOMET and are working together with OTS management. With our recently changed shareholding base and the new addition of logistics giant Fratelli Cosulich to our equity base, this acquisition will certainly help TRASTEEL to become a well diversified industrial group," says Gianfranco Imperato, CEO of TRASTEEL.

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