GLGH Steel, LLC, a subsidiary of US-based investment company Great Lakes Global Holdings (GLGH), has announced that it has agreed to acquire Romania-based pipe manufacturer Artrom Steel Tubes for an undisclosed amount.
The parties had reached an agreement regarding the acquisition back in November 2024, subject to regulatory approvals from the Romanian authorities.
With the help of the acquisition, Artrom will receive uninterrupted funds, enabling it to expand its portfolio. Also, GLGH Steel plans to support the company’s growth by creating new markets across Europe, North America and beyond for its products.