Cromsteel Italia Joins Forces with Sicam in Latest Acquisition Deal
Deal News | May 06, 2025 | Finance Community IT - 1 Corporate M&A
Cromsteel Italia, a company specialized in mechanical processing and customization of rods and tubes for hydraulic systems, has been acquired by Sicam, a leading supplier of tubes and bars for mechanical and hydraulic applications, effectively becoming part of the Bianco Group. This acquisition is a part of Sicam's growth strategy, which has been solidified through the establishment of Sicam Centro and the acquisitions of Sidergamma and Tubifal, companies involved in the production of chromed bars and honed tubes respectively. The Transaction Services team of Nexia Audirevi, led by partners Paolo Giovanni Gatti and Mario De Munno, supported Sicam by conducting financial due diligence. With the addition of Cromsteel, the Bianco Group enhances its capability to provide a broader and more specialized product range, addressing the evolving demands of the market and strengthening client trust both in Italy and internationally.
Sectors
- Manufacturing
- Corporate Finance
- Investment and M&A
Geography
- Italy – Both Cromsteel Italia and Sicam are Italian companies, and the transaction takes place in Italy.
Industry
- Manufacturing – The article discusses the acquisition of Cromsteel Italia, a company involved in the manufacturing of mechanical components and systems for hydraulic applications.
- Corporate Finance – The involvement of Nexia Audirevi in conducting financial due diligence points to the role of corporate finance in the transaction.
- Investment and M&A – The acquisition of Cromsteel Italia by Sicam involves strategic M&A activity, showcasing investment and growth strategies.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Cromsteel Italia | Target | Company | A company specialized in mechanical processing and customization of rods and tubes for hydraulic systems. |
| Sicam | Buyer | Company | A leading supplier of tubes and bars for mechanical and hydraulic applications, part of the Bianco Group. |
| Nexia Audirevi | Financial Advisor | Company | The advisory firm that conducted financial due diligence for the acquisition, involving a team led by partners Paolo Giovanni Gatti and Mario De Munno. |
| Paolo Giovanni Gatti | Financial Advisor | Person | Partner at Nexia Audirevi involved in the financial advisory team. |
| Mario De Munno | Financial Advisor | Person | Partner at Nexia Audirevi involved in the financial advisory team. |