Sicam Completes Acquisition of Cromsteel Italia S.R.L.
Deal News | May 07, 2025 | Legal Community Italy
Sicam, part of the Bianco Group, has completed its acquisition of Cromsteel Italia S.R.L., marking a strategic expansion in the mechanical and hydraulic components sector. The acquisition involved Sicam obtaining 100% of Cromsteel Italia, a company known for its sales, distribution, and mechanical processing of chrome bars and hydraulic cylinders. FDL Studio Legale provided legal counsel to Sicam with a team led by Partner Giuseppe Cattani. Meanwhile, Cromsteel Italia was advised by KON spa for financial advisory and RASS Studio Legale for legal matters. This deal is seen as a pivotal step in creating a leading industrial group in precision mechanics and hydraulics in Italy.
Sectors
- Mechanical and Hydraulic Components Industry
- Legal Services
- Financial Advisory
Geography
- Italy – Both Sicam and Cromsteel Italia operate within Italy, making this acquisition significant for the Italian industrial sector.
Industry
- Mechanical and Hydraulic Components Industry – Sicam's acquisition of Cromsteel Italia strengthens its position in the mechanical parts and hydraulic components supply market.
- Legal Services – The involvement of FDL Studio Legale and RASS Studio Legale highlights the importance of legal advisory in mergers and acquisitions.
- Financial Advisory – KON spa's role as a financial advisor reflects the need for expert financial guidance during corporate acquisitions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Cromsteel Italia S.R.L. | Target | Company | A company specialized in the sale, distribution, and processing of chrome bars, hydraulic cylinders, and linear movement rods. |
| Sicam | Bidding Company | Company | Part of the Bianco Group, active in the supply of tubes and rods for mechanical and hydraulic applications. |
| Bianco Group | Parent Company | Company | The group under which Sicam operates, involved in various industrial supply markets. |
| FDL Studio Legale | Legal Advisor to Buyer | Company | Provided legal counsel for Sicam during the acquisition. |
| KON spa | Financial Advisor to Vendor | Company | Served as the exclusive financial advisor to the sellers of Cromsteel Italia. |
| RASS Studio Legale Rinaldi ed Associati | Legal Advisor to Vendor | Company | Provided legal advisory services to Cromsteel Italia. |