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Acquisition of Leading European Seamless Rolled Rings Manufacturer Expands Global Platform of Large Diameter Forgings.

Veneto, Italy (July 1st, 2022) – Siderforgerossi Group S.p.A. (“Siderforgerossi”), a leading global manufacturer of forged products and a portfolio company of KPS Capital Partners, LP (“KPS”), announced today that it completed the acquisition of Grupo Euskal Forging, S.L. and its subsidiaries (together “Euskal Forging” or the “Company”). Financial terms of the transaction were not disclosed.