The European Commission has approved the purchase of the Italian Compagnia Siderurgica Italiana by German long products specialist Steelag.
Compagnia Siderurgica Italiana, located near Vicenza in northern Italy, is a sheet metal service center for plasma, laser and oxy-fuel cutting and calendering, CNC machining, bending, sandblasting and chamfering.
With a capacity of over 40,000 tons per year, the company mainly serves the construction industry. Steelag Deutschland specializes in the production and distribution of structural steel such as rebar in bars and coils, wire mesh and cold drawn wire products, supplying customers in Germany, Austria and Belgium and expanding through the acquisition of flat products in Italy.
The Commission concluded that the proposed acquisition would not raise competition concerns "given the limited overlap and vertical links between the activities of companies in their respective markets in the European Economic Area," the EU note said.
