Siderforgerossi Group S.p.A., a global manufacturer of forged products and a portfolio company of KPS Capital Partners, completed the acquisition of Grupo Euskal Forging S.L. and its subsidiaries. Euskal Forging is a manufacturer of forgings and seamless rolled rings, including rings greater than 8 meters in diameter, serving the wind power and mining industries. Headquartered in Irura, Spain, the company operates three manufacturing facilities and has approximately 170 employees. Veneto, Italy-headquartered Siderforgerossi is a vertically integrated manufacturer of rolled and forged products with capabilities across the manufacturing spectrum, including open-die and closed-die forging.
According to Siderforgerossi, the capabilities of Euskal Forging represent an opportunity for the company to expand its product portfolio, manufacturing footprint and competencies. The acquisition is an important step as Siderforgerossi advances its position in the wind-power wide-diameter forgings market.