Marcegaglia Steel and Manni Group signed a joint venture agreement between the production divisions of thermal insulation panels and panels for sectional doors. This partnership between two internationally renowned groups with a long tradition in steel processing gives birth to a new industrial entity that will play a leading role in the Italian market and become the second largest producer of thermal insulation panels in Europe, with a portfolio of customers that includes more than 70 countries around the world.
The production units involved in this operation are in Romania, through Isopan Est, in Italy, specifically in Alessandria (Piedmont), Verona (Veneto) and Frosinone (Lazio), in Spain, Poland and Mexico. The operation, which is subject to the fulfillment of certain preconditions and authorizations from the antitrust authorities, involves, on the one hand, the transfer by Marcegaglia Steel of the production activities in Italy, controlled by Marcegaglia Buildtech, and the production unit in Poland, controlled by Marcegaglia Poland, to Isopan Spa; And on the other hand, Marcegaglia Steel acquires a number of shares to reach 50% of the capital of Isopan Spa, with a similar share of 50% held by the Manni Group.
The association will have an aggregate turnover of approximately 500 million euros and a number of nearly 700 employees.
The objective of this joint venture is to bring together expertise, industrial platforms and networks to promote the development of prefabricated construction, where components are designed and built in production facilities and then transported to construction sites for final assembly, improving efficiency, construction quality, safety and environment protection.
Through increased investments in research and development (R&D), Marcegaglia Steel and Manni Group aim to generate a concrete impact, especially in terms of innovation and sustainability, by offering high-tech construction systems that ensure predictable costs and minimization of waste, fulfilling and thus exceeding the requirements of the European Ecological Pact.
The Marcegaglia Group, active in steel processing for over 60 years, is one of the most important industrial players in Italy. With a turnover of 9 billion euros, 7,500 employees, 36 factories spread over 4 continents, 6.5 million tons of steel processed every year for more than 15,000 customers in Europe and the world, Marcegaglia is a leader recognized in the national and international steel landscape.
Manni Group provides products, solutions and expertise to the world of off-site construction, promoting new scenarios to address the issue of energy waste and polluting emissions in existing buildings.