CTA acquires Raccortubi Group

CTA and Raccortubi merge in a new Italian Group, leader in stainless steel pipes


Grugliasco, July 25th, 2023

CTA Group – Commerciale Tubi Acciaio (“CTA”) – one of the main players in the supply of steel products, destined for the Chemical and Petrochemical, Refining, Gas Processing, Power Generation and Nuclear markets, with a 2022 turnover of 202.5 million euros – acquires 100% of Raccortubi Group, manufacturer and supplier of piping materials in stainless steel and special alloys.

The operation seals the strategic alliance and the fruitful collaboration already started in 2020 and strengthens the positioning of both companies, creating a new leading Group in the reference sector, with a consolidated international presence, especially in the Middle East, Asia, Africa, South America and Europe.

Already a shareholder of Raccortubi with a 28% stake since 2020, today, with the acquisition of 100%, CTA further strengthens its presence on the stainless steel market, integrating the production of Raccortubi with the traditional trading core business.

From an economic point of view, the acquisition will allow the new entity to reach forecast revenues at the end of 2023 of 265.7 million euros, EBITDA of 20.2 million euros and a net result of 8.5 million.

Even more significant results than those achieved by CTA Group in 2022, closed with economic growth and record sales volume: turnover of 202.5 million euros, sales volumes of 67,000 tons, EBITDA of 17.0 million euros.

On top of the economic results of 2022 there are those of business, which have seen the strengthening in the Arab States area, significant investments to increase warehouse availability, which has always been a key value of CTA and particular attention to some promising areas, such as hydrogen and renewables.

Marco Pollastrini, CEO of CTA, commented as follows:

From the acquisition of a Company that already has a distinctive positioning and has a history of significant development behind it, derives a series of responsibilities that CTA Group is able to manage, together with important new opportunities. In fact, the union of the two Groups gives the possibility of implementing synergies that will make it possible to face the challenges of the international market in the upcoming years. We are now looking to the future and to all the opportunities it holds, with a particular focus on developing markets with high potential, such as renewable energies“.

Luca Pentericci, CEO of Raccortubi, stated:

“I am happy to have brought Raccortubi Group to a position of excellence worldwide: a partner recognized for its seriousness and reliability. However, new challenges and sudden macroeconomic and geopolitical changes impose an increasingly important specific weight. With this in mind, we welcomed the opportunity to create a Group together with CTA, like few others in the world for range of products, skills, widespread presence in various continents and with an integrated production of fittings”.


CTA was assisted by Cesare Tocchio, managing director of CDI Global Italy, as financial advisor, by lawyers Andrea Accornero and Paolo Guarneri of the associated law firm Simmons&Simmons, as legal advisor and by chartered accountants dott. Romagnoli and Dr. Gilardi of the BGR Tax and Legal.

Raccortubi was assisted by PwC Deals as financial advisor with an M&A team composed of the Partner Raffaele Perrone and the Manager Giacomo Nava; by PwC TLS as legal advisor with a team made up of lawyers Stefano Cancarini, Federico Magi and Carlotta Clerici; and by Dr. Marco Finetti of Studio Finetti Professionisti Associati.

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