Wise Equity completed the acquisition of a 50% stake in Special Flanges.

Wise Equity, a private equity firm, completed the acquisition of a 50% stake in Special Flanges, a manufacturer of forged steel components. Financial terms were not disclosed. "Wise Equity is the ideal partner to support us and support our entrepreneurial project, maintaining the utmost respect for our traditions and transmitting that component of enthusiasm that is essential to achieve an efficient and harmonious degree of growth," Augusto Zucchinali, Special Flanges President.