Giuseppe e F.lli Bonaiti S.p.A.

ITLA, controlled by CLN group, and Giuseppe e F.lli Bonaiti merged some of their units to create Itla Bonaiti, specializing in cold rolled high-carbon and alloyed steel strips. The JV will begin operations in June 2017.

ITLA, controlled by CLN Group, and Giuseppe e F.lli Bonaiti signed a formal agreement to form a joint venture named ITLA Bonaiti, merging their Italian manufacturing activities in high-carbon steel re-rolling. ITLA will have a majority stake.