FIN.FER. Spa , the holding company of the PITTINI Group, has completed the purchase of the Verona plant previously owned by Riva Acciaio S.p.a., through the newly founded and wholly controlled subsidiary company Acciaierie di Verona Spa.
Comment by Federico Pittini, FIN.FER S.p.a. Chairman
“Our group’s goal is to grow in order to overcome the hard times the European steel industry in particular and the manufacturing industry in general are going through. The purchase of the Verona plant is designed to increase our range of high quality wire rod products, reinforcing the company’s position in its traditional sectors.
“I should like to thank the previous owners of the Verona works, with whom we entered into complex negotiations.
“We shall do our utmost to re-launch the Verona plant and ensure its continued development.
“I welcome the management team and employees of Acciaierie di Verona S.p.a. to our group, confident that ours will be a constructive and fruitful collaboration.”