The European Commission has authorized the acquisition of “joint control” of the Italian company Steelcame by the French arm of ArcelorMittal and the Italian company Cellino, it announced Monday in Brussels.
Steelcame is a newly created company to which ArcelorMittal and Cellino will contribute pre-existing assets in France, Italy and Poland. The new company will be active in the markets of industrial sheet metal working and steel distribution through oxycutting centres.
As previously reported, this move is part of a reorganization among ArcelorMittal Distribution’s affiliated companies, as Cellino will also acquire part of the former Solustil company, a business owned in the past by AM Distribution.
Annalisa Villa, PLATTS