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Siderforgerossi Group SpA, leader of forged products including ring-rolling, open die and closed die forging products for different industrial markets, today announced the appointment of Daniele Crose as new CEO of the company effective February 24th, succeeding former CEO Adriano Zambon.

Shareholders and Board of Directors express their appreciation to Adriano Zambon for his significant role and contribution in the process of acquisition of Siderforgerossi Group Spa by KPS Capital Partners, LP. Mr. Crose has a broad experience in leading international organizations, improving processes and implementing strategic projects to secure their growth and success.

He covered different managing positions in the Permasteelisa Group, a leading multinational in engineering, procurement, manufacturing and installation of architectural envelopes, and recently as CEO of a mid-size international industrial company. “I am very excited to be joining Siderforgerossi Group team” – said Daniele Crose – “The Company has extensive leadership experience in forging and a demonstrated ability to supply different market segments with a wide range of product portfolio” “I am certainly looking forward to developing Siderforgerossi further in a challenging and very exciting time, with continued focus on safety and on delivering superior quality, innovation, and service to our customers”