Walsin Lihwa, a producer of cables, steel, and wires, agreed to acquire a 70% stake in Cogne Acciai Speciali, a manufacturer in European stainless steel long products, for $221m. “We are particularly pleased and honored that the long standing tradition in the steel sector of our family which has lead CAS to become a top global leader in our sector has teamed up with Walsin as a success story. We share the same values, the same pragmatic approach and the same strategies in order to create the largest global producer of specialty stainless steel long products, with a strong ambition to further enlarge its operations in the Americas and EU," Giuseppe Marzorati, CAS Chairman.