ARKIOS ITALY SRL
VIA DANTE 4 – 20121 MILANO - P.IVA E CF 07481810963 – www.arkios.it
Arkios Italy supports ASO SIDERURGICA...
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Arkios Italy supports ASO SIDERURGICA SPA in the acquisition of CROMSTEEL INDUSTRIES SA, active in Chrome Bars production

Published on: Mar 4, 2016
Published in: Economy & Finance      
Source: www.slideshare.net


Transcripts - Arkios Italy supports ASO SIDERURGICA SPA in the acquisition of CROMSTEEL INDUSTRIES SA, active in Chrome Bars production

  • 1. ARKIOS ITALY SRL VIA DANTE 4 – 20121 MILANO - P.IVA E CF 07481810963 – www.arkios.it Arkios Italy supports ASO SIDERURGICA SPA in the acquisition of Romania-based Company, CROMSTEEL SA, active in Chrome Bars production Arkios Italy has assisted ASO SIDERUGICA in the acquisition of CROMSTEEL Industries S.A., a Romania-based Company active in production and sale of Chrome Bars and Tubes (cylindrical and telescopic), for Automotive and Earth-Moving sectors. ASO Siderurgica, a Brescia-based Producer of Alloy Steel and Special Steel with high added value and part of ASO Group, has completed 100% acquisition of the Romanian Company Cromsteel Industries from the entrepreneur Paolo Mennini. The deal is part of the Strategy of Internationalization, Consolidation and Diversification of ASO Siderurgica, started with the Acquisition of Sps Spider Planting Scaligera, Verona- based Manufacturer of Chrome Bars of High Quality and Stainless Steel. Founded in 1999 in Targoviste (Romania), Cromsteel Industries S.A. is active in the production of Chrome Bars and it has increased its market share by becoming one of main European Producers of components for Hydraulic Cylinders. ASO Siderurgica, in cooperation with Cromsteel Industries, is hence developing the business integration project of two plants which will constitute the Group Division of Hydraulic Components, by generating business and commercial synergies. The technical specialization of each one will allow to maximize the comprehensive efficiency of the division and therefore to consolidate the Group’s leadership in the Chrome Bars sector. Synergies of two business units in 2014 will enable ASO Group to produce 6,500 tons/month of Chrome Bars and 1,500 tons/month of Tubes, reaching an expected comprehensive turnover of 90 Million Euro. In the acquisition procedure, ASO Group is supported by BNP Paribas as Arrange Advisor, Arkios Italy as Business Strategy Advisor who also prepared the Project Business Plan, by Studio Legale Mednolia & Partners as Legal Advisor. Paolo Mennini is assisted by Legance Studio Legale Associato. The Deal is partially financed by a bank syndicate composed by BNL – BNP Paribas and Unicredit, arranger and underwriter assisted by NCTM Studio Legale. For Arkios Italy this is the 17th of M&A Transaction closed since 2009. Arkios Italy is a consolidated reference point for Italian SMEs’ M&A (Mergers & Acquisitions). For further information: www.arkios.it or contact, paolo.pescetto@arkios.it; paolo.cirani@arkios.it; andrea.rossotti@arkios.it

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