# GFG Alliance acquires Aartee steel distribution assets in Italy

GFG Alliance acquired the Italian assets of Aartee Group through a 100% share purchase, including four processing plants with a capacity of over 160,000 mt/year of specialist steel products.

- Type: Acquisition
- Announced: 2023-02-20
- Where: Italy (Arcore, Graffignana, Quarto Inferiore, Rieti), Italy
- Jobs: 115
- Status: completed
- Capacity: over 160,000 mt/year
- Products: specialist steel products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Liberty Steel](https://endata.com/companies/16030.md)
- [GFG Alliance](https://endata.com/companies/19734.md) (acquirer)
- [Aartee Group](https://endata.com/companies/51850.md) (target)

## Sources

- [eurometal.net](https://eurometal.net/gfg-alliance-buys-aartee-steel-distribution-assets-in-italy/), 2023-02-21: "Aartee Distribuzione Italia is an important part of Italy's steel supply chain and will allow us to extend our product offering, customer base, and distribution network within Italy."

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