Raccortubi, based in Marcallo con Casone (Milan) and Commerciale Tubi Acciaio (CTA), based in Grugliasco (Turin), have seized a new collaboration opportunity following the exit of the private equity fund Synergo Sgr from Raccortubis shareholder structure.
Raccortubi Group is a manufacturer and distributor of piping materials (fittings, pipes, flanges) in special steels for the Oil & Gas market, shipyards, plants for the production of fertilizers, power plants, and others critical applications such as nuclear plants.
CTA Group is a historic player for pipes in different steel grades that provides materials and services required by the Chemical and Petrochemical Industry, with particular focus in the Gas, Refineries, Off Shore, Nuclear and Power Generation sectors. The Group boasts numerous distribution points in Italy and consolidated commercial presence in France, Spain, Poland, the Caspian Sea, the Middle East, and Asia Pacific.
The agreement was finalized with the contribution of PwC as a financial advisor, of the lawyer Alessandro Marena of Pedersoli Law Firm for Raccortubi and Andrea Accornero of the Simmons & Simmons Associate Law Firm for CTA.