Italian steel processor and tube producer Sideralba has acquired a production facility in Misinto, in the province of Monza, from Eusider Group, as part of an ongoing collaboration between the two companies, Sideralba ceo Luigi Rapullino confirms to Kallanish.
The Misinto site is equipped with three facilities producing electric resistance welded tubes in round, rectangular, square and oval sections, in hot rolled and galvanised steel as well as two slitting lines for strip cutting. The product range covers diameters from 12mm to 76mm in wall thicknesses of 2mm and 3mm.
The acquisition strengthens Sideralba’s presence in the Italian market and broadens its product offering, while consolidating its positioning in the European market.
In a release Rapullino calls this “a historically complex moment, characterised by strong market instability and geopolitical uncertainty. This acquisition is a testament to the company’s tenacity and firm determination to continue on its structured growth path”.
The move is part of a longer-term industrial strategy aimed at technological innovation, increased production capacity and international expansion.
In 2023 Sideralba invested over €30 million ($34.2m) in the sustainable growth and modernisation of its main site in Acerra, near Naples, to improve energy efficiency and diversify product range. The investment was part of a two-year programme involving a new warehouse, a photovoltaic farm, new equipment and modernisation of existing production lines.
The previous year, Marcegaglia and Sideralba created a 50/50 joint venture in Tunisia called SM Tunis Acier to strengthen their presence in the local cold rolled and hot-dipped galvanized coil market. The partners invested a combined €10m in an existing facility owned by Sideralba with the objective to double its CRC and HDG production capacity to 400,000 tonnes/year by 2023.
