The new company will become the second-largest producer of panels in Europe.

Marcegaglia Steel and Manni Group have signed an agreement for a joint venture in the field of insulated panels and sectional door panels. This collaboration between two internationally renowned groups with a long tradition in steel processing gives rise to an industrial entity that will be a key player in the Italian market and the second-largest producer of panels in Europe. Their extensive customer portfolio spans over 70 countries worldwide. The production sites involved in this operation are located in Italy, specifically in Piedmont (Pozzolo Formigaro, AL), Veneto (Trevenzuolo, VR), and Lazio (Patrica, FR).

The operation, subject to the usual suspensive conditions and Antitrust authorizations, involves, on one hand, the transfer by Marcegaglia Steel of Italian production activities controlled by Marcegaglia Buildtech and Polish production activities controlled by Marcegaglia Poland to Isopan Spa; on the other hand, Marcegaglia Steel will acquire a number of shares sufficient to reach 50% ownership of Isopan Spa, with a similar 50% stake held by Manni Group. The joint venture will have an aggregated turnover of approximately 500 million euros and will employ nearly 700 people.

The goal of the joint venture is to pool expertise, industrial platforms, and networks to promote the development of off-site construction, where components are designed and built in factories and then transported to construction sites for final assembly. This approach improves efficiency, construction quality, safety, and environmental protection. Through increased investments in research and development, Marcegaglia Steel and Manni Group aim to make a tangible impact, particularly in terms of innovation and sustainability, by offering highly technological construction systems that ensure cost certainty and minimize waste, thus meeting and exceeding the requirements of the European Green Deal.

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