KPS Capital-backed Siderforgerossi Group completed the acquisition of Euskal Forging.

KPS Capital-backed Siderforgerossi Group, a manufacturer of forged products, completed the acquisition of Euskal Forging, a manufacturer of forgings and seamless rolled rings. Financial terms were not disclosed. "The combination of Euskal Forging and Siderforgerossi creates clear benefits for the customers and employees of both companies. Euskal Forging and Siderforgerossi share a commitment to quality and customer service that extends from our operations to our products. We are thrilled to operate under KPS' ownership and join Siderforgerossi in this exciting new chapter of growth," Iñigo Fernández Garate, Euskal Forging General Manager.