Acciaierie Venete Acquires Trafilerie San Paolo

Acciaierie Venete, a leading European producer of specialty steels, has signed a binding agreement to acquire 100% of Trafilerie San Paolo, a prominent player in the cold drawing steel market. This strategic acquisition aims to strengthen Acciaierie Venete's presence in high-quality drawn steels by integrating production processes and expanding its product portfolio. The transaction is contingent on approval from the Italian Competition Authority. Broletto Corporate Advisory and Giovannelli e Associati advised Trafilerie San Paolo on financial and legal matters, while Acciaierie Venete was supported by T2 Advisory, BonelliErede, and Eujus for financial and legal aspects. Trafilerie San Paolo will maintain its high standards, leveraging Acciaierie Venete's resources for growth. Alessandro Banzato, President of Acciaierie Venete, emphasized the alignment of this acquisition with their vertical integration strategy. The Roda family of Trafilerie San Paolo anticipates significant benefits from being part of a larger group, enhancing competitiveness and market opportunities.