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Siderforgerossi Group Acquires Euskal Forging

PRIVATEJul 01, 2022

Acquiring Company

Siderforgerossi

Acquired Company

Euskal

ManufacturingNatural Resources

Description

Siderforgerossi Group S.p.A. ("Siderforgerossi"), a leading global manufacturer of forged products and a portfolio company of KPS Capital Partners, LP ("KPS"), announced today that it completed the acquisition of Grupo Euskal Forging, S.L. and its subsidiaries (together "Euskal Forging" or the "Company"). Financial terms of the transaction were not disclosed.

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Company Information

Company

Siderforgerossi

About

Siderforgerossi is a leading, vertically integrated manufacturer of rolled and forged products with capabilities across the manufacturing spectrum, including ring-rolled, open die and closed die forging. Siderforgerossi specializes in large diameter forged products and primarily serves the wind power, oil & gas, earth moving, and aerospace end-markets across Europe and India. Siderforgerossi provides customers with a vertically integrated offering including heat treating, destructive and non-destructive testing and machining. The Company is headquartered in Veneto, Italy and operates nine manufacturing sites in Italy and three additional sites in India. For additional information, please visit www.siderforgerossi.com.

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Frequently asked

Who acquired Euskal?

Euskal was acquired by Siderforgerossi. The deal was reported on July 1, 2022. Siderforgerossi is a leading, vertically integrated manufacturer of rolled and forged products with capabilities across the manufacturing spectrum, including ring-rolled, open die and closed die forging. Siderforgerossi is privately held and operates in Manufacturing.

When did Siderforgerossi acquire Euskal?

Siderforgerossi's acquisition of Euskal was reported on July 1, 2022. Siderforgerossi Group S.p.A. ("Siderforgerossi"), a leading global manufacturer of forged products and a portfolio company of KPS Capital Partners, LP ("KPS"), announced today that it completed the acquisition of Grupo Euskal Forging, S.L. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Euskal do?

ForgingEuskal Forging is a manufacturer of forgings and seamless rolled rings, including rings greater than eight meters in diameter, serving the wind power, capital goods, oil & gas, power transmission and mining end-markets. It is privately held, operating in Natural Resources.

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