Danieli has acquired a 30pct stake in Italian company Novastilmec, based in Garbagnate Monastero near Lake Lecco, as part of a new cooperation agreement.
Founded in 1978, Novastilmec specializes in high-performance processing lines for steel, aluminum, brass, copper, and titanium coil strips.
The partnership will enable Novastilmec to expand its business while allowing Danieli to broaden its downstream finishing portfolio for steel and nonferrous flat products. Together, the companies plan to strengthen their presence in global service centers, offering more slitting and cut-to-length lines under Italian technology.
