Feralpi, a steel producer, completed the acquisition of the remaining 50% stake in Caleotto, a steel manufacturer, from Duferco, a producer and marketer of steel. Financial terms were not disclosed. “This operation is part of the business continuity policy adopted over the last five years, thereby Feralpi-Duferco synergy has effectively relaunched the production plant both technically and commercially. Clearly, in this period deeply affected by the global pandemic, our utmost priority is safeguarding people’s health, but as soon as conditions allow, we will have to start up immediately with renewed energy. This also explains why we are committed to providing full support in pursuing the plan of ongoing improvement,” Giovanni Pasini, Feralpi Chairman.