Italian steel group Marcegaglia through the subsidiary Marcegaglia Specialties has completed the acquisition of Trafital in Gorla Minore in the Province of Varese in North Italy. Founded in 1953, Trafital produces 22,000 tonnes cold-drawn and ground-round bars in carbon steel and alloy steel. Trafital has 70 employees and had a turnover of about EUR 35 million. With this acquisition, the Marcegaglia expands its already vast production offer, adding a range of drawn products complementary to those currently processed in the Contino di Volta Mantovana plant.Marcegaglia is one of Europe’s largest rerollers. Last year, it achieved a turnover of EUR 7.7 billion and employs 6,600 workers. It re-rolls about 6.2 million tonnes per year of steel and has 29 rolling mills.The transaction was supervised by the M&A team of BPER Banca's Corporate & Investment Banking Department and by the CLAEX Advisors Law Firm for sellers and by KON Group, Studio LP and Law Firm LCA for the Marcegaglia Group.