Worthington Steel to acquire 52% stake in Sitem Group

Worthington Steel, through its subsidiary Tempel Steel Company, will acquire a 52% stake in Italy's Sitem Group, a European leader in magnetic laminations and die-cast components for electric motors. The transaction value was not disclosed.

“Questo investimento è in linea col nostro obiettivo strategico di ampliare l'attività di laminazione di acciaio elettrico e espandere la nostra base di clienti”ilsole24ore.com

• 1 source
• ilsole24ore.comSitem apre il capitale a Worthington Steel - Il Sole 24 ORESilvia PieracciniJan 20, 2025

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