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Marcegaglia sells Munhall plant (USA), developing core markets and businesses

Marcegaglia Group has sold the galvanized tube production plant in Munhall, Pennsylvania, to Synalloy Corp. subsidiary, Bristol Metals, completing the strategic divestment of the US based assets, following its strategy to focus on developing core markets and businesses started in 2017.
The total deal value, in the range of 30 M$, will accelerate the growth of the group in Italy with significant envisaged investments in both internal and external lines.

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