Madrid-based Gonvarri Steel Services (Gonvarri) has announced that it has closed the acquisition of Flinsa, a family business dedicated to the manufacturing of carbon steel strips and tubes and stainless steel tubes.
Flinsa, founded in 1975, is based in Alicante, Spain and mainly operates in the sector of automotive tubes, but also is present in other sectors that require high quality standards. Flinsa exports approximately 30 percent of its production.
As stated by Josu Calvo, CEO of Gonvarri Steel Services, “Flinsa’s integration constitutes a significant step forward in our strategy within the automotive sector in general terms and particularly with regard to the penetration in the automotive tube field, reinforcing and complementing our current product portfolio”.