Raccortubi S.p.A. acquired 100% of the share capital of the Italian company Petrol Raccord S.p.A.

K Finance, member of Clairfield International, acted as financial advisor to the buyer.

Raccortubi, with sales of about Euro 50 million, is active in the production and distribution of piping materials used in critical applications mainly in the oil&gas industry. After the opening of three subsidiaries abroad (in Dubai, Singapore and Brazil), this transaction represents a further step of the growth and expansion strategy planned by Raccortubi and made available also with the financial support of the private equity fund Synergo SGR.

Petrol Raccord, with revenues of about Euro 25 million, specializes in the manufacturing of fittings mainly for the power generation industry. Petrol Raccord exports about 80% of its production and employs about 100 people.