Marcegaglia: Launched Joint Venture with Manni Group for European Market Dominance
Deal News | Jan 20, 2025 | Legal Community Italy
In a significant development in the European manufacturing sector, Marcegaglia Steel and Manni Group have completed a joint venture following approval from the European Commission and other relevant antitrust authorities. The new entity will be a major player in the insulated panel and sectional door panel market, making it the second-largest producer in Europe. The joint venture is expected to generate around €500 million in revenue and employ nearly 700 workers with operations in Italy, Spain, Romania, Poland, and Mexico. Marcegaglia was legally supported by Cappelli Riolo Calderaro Crisostomo Del Din & Partners, and Manni Group by Lambertini & Associati. BonelliErede conducted due diligence, ensuring compliance across Marcegaglia's operations and handling antitrust matters.
Sectors
- Manufacturing
- Legal Services
Geography
- Italy – Headquarters and major operations for both Marcegaglia Steel and Manni Group are based in Italy.
- Europe – The joint venture aims at becoming the second-largest producer in Europe, with production lines across Italy, Spain, Romania, and Poland.
- Mexico – Includes production facilities catering to the North American market, showcasing the venture's geographical reach.
Industry
- Manufacturing – The joint venture operates in the manufacturing industry, specifically in producing insulated panels and sectional door panels.
- Legal Services – Several law firms were involved in facilitating the joint venture, highlighting the legal industry's role in M&A and joint venture agreements.
Financials
- 500 million euros – The expected aggregate revenue of the joint venture.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Marcegaglia Steel | Joint Venture Partner | Company | An Italian industrial group focused on steel processing. |
| Manni Group | Joint Venture Partner | Company | A group specializing in the production of insulated panels. |
| Cappelli Riolo Calderaro Crisostomo Del Din & Partners | Legal Advisor for Marcegaglia | Company | Law firm providing legal advice for Marcegaglia in the joint venture agreement. |
| Lambertini & Associati | Legal Advisor for Manni Group | Company | Law firm providing legal support to Manni Group for the joint venture. |
| BonelliErede | Due Diligence and Antitrust Legal Work | Company | Handled the due diligence and antitrust aspects of the joint venture deal. |