Trasteel and Vanomet acquire 100% of Italian plate producer OTS

摘要

Trasteel and Vanomet, two Switzerland based trading firms, acquired 100% ownership in Officine Tecnosider, or OTS, an Italian based producer of hot rolled heavy plates, the two companies said Monday. Trasteel has been a minority shareholder in OTS with a 30% of stake since the beginning of the creation of the company and together with Vanomet acquired the remaining stake from the founders and previous owners in this transaction.