Transforming horizons: Trasteel's strategic move in acquiring Profilmec

In a pivotal move, Trasteel Group has successfully acquired Profilmec Group, a leading Italian steel pipe manufacturer, in a strategic venture to broaden our horizons in the steel industry. This acquisition isn't just about growth; it's about unlocking synergies that will reshape our trajectory.

 With Profilmec's rich history dating back to 1961, the acquisition aligns seamlessly with our commitment to excellence. Profilmec, renowned for its welded pipes serving diverse industries, brings not only a legacy but also unparalleled expertise in manufacturing. This marriage of capabilities creates a synergy that will enhance our collective ability to meet the evolving demands of the market. Profilmec's state-of-the-art manufacturing sites in Turin, with a production capacity of 350,000 tons per year, significantly expand our product portfolio. The welded pipes, crafted from various materials, find applications across automotive, home furnishings, and other sectors. This expansion broadens our offerings, allowing us to cater to an even wider spectrum of industries.

The strategic locations of Profilmec's manufacturing sites in Racconigi and Sesto al Reghena provide a key advantage. This geographical presence not only strengthens our foothold in the European market but also positions us strategically to address the unique demands of different regions. The addition of Rolm, an engineering company specializing in pipe production equipment, further enhances our capabilities. This infusion of engineering excellence and innovation aligns with our vision of staying at the forefront of technological advancements in the industry.

We understand the importance of continuity, not just in terms of operations but also in preserving the legacy and culture of Profilmec. All current managers and staff at Profilmec Group will retain their roles under the new ownership, fostering a seamless transition and ensuring the preservation of the values that have defined Profilmec over the years.

 Walter Talpo, Chairman & CEO of Profilmec, emphasized that Trasteel's entrance represents an opportunity for Profilmec to further develop internationalization. This aligns perfectly with our vision of becoming a diversified European steel transformer and trader, propelling us towards a global presence.

 In acquiring Profilmec, Trasteel Group not only gains a prominent player in the European pipe business but also charts a course for a future where innovation, expertise, and strategic partnerships define our journey. This is not just an acquisition; it's a commitment to a shared vision of excellence and growth in the steel industry.