CTA Group acquires 100% of Raccortubi Group.
The operation seals the strategic alliance and the fruitful collaboration already started in 2020 and strengthens the positioning of both companies, creating a new leading Group in the reference sector, with a consolidated international presence, especially in the Middle East, Asia, Africa, South America and Europe.
With the acquisition of 100% of Raccortubi, CTA further strengthens its presence in the stainless steel market, integrating the production of Raccortubi with the traditional trading core business.
The acquisition will allow the new entity to reach forecast revenues at the end of 2023 of 265.7 million euros, EBITDA of 20.2 million euros and a net result of 8.5 million.
