Following the entry of the Synergo fund, Raccortubi is buying Petrol Raccord, an Italian operator specializing in the production of special fittings, with which important industrial synergies will be developed.

K Finance, partner of Clairfield International, was advisor to Raccortubi.

The Group ended 2014 with a turnover of more than 80 million (including Petrol Raccord) with a forecast of growth to 100 million in 2018 and a marginality among the highest in the reference industry.

The acquisition has strong synergistic components in the production, commercial and foreign presence segments, as well as the possibility of achieving significant cost synergies that can optimize Group profitability.

As a result of the integration of Petrol Raccord, the Group will grow from initial aggregate sales of about 80 million in 2014 to more than 100 million in 2018, with margins among the highest in the reference industry

The Raccortubi Group operates globally with interconnected warehouses to offer a wide range of austenitic, duplex, superduplex, 6mo, nickel alloy and titanium alloy pipes, fittings and flanges.

With a staff of nearly 100 people, Petrol Raccord was established in 1969 and has achieved a leading position in the global piping fittings industry by virtue of its production range, technological capabilities and added value as a result of strong product customization.