Expo Inox Bolsters European Reach with Steegmüller Acquisition
Deal News | Jul 02, 2025 | Finance Community IT - 3 Private Equity
Expo Inox, an Italian firm backed by RedFish LongTerm Capital (RFLTC), has acquired 100% of Steegmüller Kaminoflex, a company based in Baden-Württemberg, Germany. With this acquisition, Expo Inox, which specializes in the production of metal, polypropylene, and carbon steel chimney systems, aims to fortify its presence in the German market and pursue its international expansion strategy. The acquisition follows the company's entry into the UK market through the purchase of A1 Flue Systems in 2024. Steegmüller Kaminoflex is known for its stainless steel chimney systems and holds a significant distribution network across Germany, Switzerland, Austria, and France. The synergy between both companies is expected to provide Expo Inox with a robust platform, a recognized brand, and highly skilled personnel in the German market. The acquisition was overseen by Matteo Buonomo from RFLTC and involved legal advice from Eversheds Sutherland Milan.
Sectors
- Manufacturing
- Private Equity
Geography
- Germany – Steegmüller Kaminoflex is based in Germany, and the acquisition represents an expansion of Expo Inox into the German market.
- Italy – Expo Inox, the acquiring company, originates from Italy.
Industry
- Manufacturing – Expo Inox and Steegmüller Kaminoflex are involved in manufacturing chimney systems, making this industry highly relevant.
- Private Equity – RedFish LongTerm Capital, a private equity firm, owns a stake in Expo Inox, highlighting the relevance of this industry.
Financials
- – The acquisition price for Steegmüller Kaminoflex was not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Expo Inox | Acquirer | Company | An Italian company specializing in metal, polypropylene, and carbon steel chimney systems. |
| Steegmüller Kaminoflex | Target | Company | A German company known for its stainless steel chimney systems. |
| RedFish LongTerm Capital (RFLTC) | Private Equity Owner | Company | A holding specialized in investments in small and medium enterprises with high potential that owns 20% of Expo Inox. |
| Matteo Buonomo | Senior Investment Analyst | Person | Overseeing the acquisition for RedFish LongTerm Capital. |
| Mauro Travini | President, CEO, and Founder | Person | President, CEO, and founder of Expo Inox. |
| Eversheds Sutherland Milan | Legal Advisor | Company | Provided legal advisory for the acquisition. |
| Andrea Rossotti | CEO | Person | CEO of RedFish LongTerm Capital. |