# CTA acquires 100% of Raccortubi Group, creating new stainless steel pipes group

CTA Group acquired 100% of Raccortubi Group, a manufacturer of stainless steel and special alloy piping materials. The deal creates a new leading group in the sector with forecast 2023 revenues of €265.7 million.

- Type: Acquisition
- Announced: 2023-07-26
- Where: Italy
- Status: completed
- Products: stainless steel pipes, special alloy piping materials
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [CTA AG](https://endata.com/companies/65838.md) (acquirer)
- [Raccortubi Group](https://endata.com/companies/71641.md) (target)

## Sources

- [stainless-steel-focus.com](https://www.stainless-steel-focus.com/2023/07/26/cta-acquires-raccortubi-group/), 2023-07-26: "The operation seals the strategic alliance and the fruitful collaboration already started in 2020 and strengthens the positioning of both companies, creating a new leading Group in the reference sector."

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