Reindustrialization in the pipe coating sector
Year 2021, Reindustrialization
An Italian company belonging to a Canadian multinational that, with more than 6,000 employees, has been operating for more than 50 years in 20 countries around the world in the pipe coating industry. The plant involved in our project was in northern Italy, occupied a covered area of more than 30,000 sqm and employed about 80 people.
Why we intervened

Due to a reorganization of the production structure on a global scale, the group had planned to close the plant. We were asked to identify an industrial player with compatible business, interested in developing its activity by taking over the asset and re-employing the people.

How we intervened

- Feasibility analysis and reindustrialization project;
- National and international search for potential taking over companies;
- Support to the design of the operation and to the definition of its structure;
- Support to due diligence activities;
- Support to negotiations with various counterparts involved;
- Outplacement support activities.

The outcome

After an extensive search, we identified an operator in the machining sector who presented an interesting project to take over the assets and most of the workers involved. The results were achieved within 12 months of the start of the activities.

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