Eusider acquires Italian distributor

Distributor and service centre Eusider has acquired distribution company Metall Steel and is integrating it into its subsidiary, Metaltubi, president Eufrasio Anghileri announced during a webinar organised by Siderweb.

The integration between Eusider’s Metaltubi and the newly acquired company has created the Metall Steel Metaltubi subsidiary, which is 70% owned by Eusider.

The acquisition will enhance the distributor’s product range as the new company plans to sell an annual volume of about 100,000 tonnes of merchant bars, pipes and rebar, for a turnover of €150 million ($154m), Kallanish notes.

Eusider is building a large new warehouse in Ostiglia that should be commissioned by December. It aims to optimise and improve logistics besides creating a prominent sales hub. The company also intends to boost its river transport by using the nearby Canalbianco River.

Natalia Capra France