# EGM Group and KME Italy launch ILNOR project for copper rolled products

EGM Group transferred €21.8 million to the newly formed ILNOR for the copper, brass, bronze and special alloys rolling business unit, combining assets from both groups to relaunch the copper and copper alloy rolled products business.

- Type: Acquisition
- Announced: 2021-06-24
- Where: Italy
- Value: $26.0M (21.8M EUR)
- Status: announced
- Products: copper and copper alloy rolled products, brass bars and strips
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [EGM Group](https://endata.com/companies/56033.md) (acquirer)
- [KME Italy](https://endata.com/companies/56034.md) (partner)
- [ILNOR](https://endata.com/companies/56035.md) (target)

## Sources

- [bancaakros.it](https://www.bancaakros.it/en/highlights/news/mergers-and-acquisition/egm-group-and-kme-italy-launch-ilnor-project-business-of-copper/), 2021-06-24: "EGM transferred €21.8 million to the newly formed ILNOR for the copper, brass, bronze and special alloys rolling business unit, with all the assets organised for its operation, as well as all related activities and structures."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.