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Vallourec has sold its subsidiary Vallourec Bearing Tubes to investment fund Mutares

Paris – CFI is pleased to announce that it has acted as financial advisor to Vallourec in the sale of 100% of its subsidiary Vallourec Bearing Tubes to the investment fund Mutares.

Vallourec Bearing Tubes is a company specialized in manufacturing of seamless steel tubes. As the second largest player in the European bearing tube market, the company supplies its products to various industries such as the automotive, mechanical and oil industries.

Based in Montbard (Bourgogne – France), the company employs more than 200 people and has a turnover around €50m.

This acquisition will allow Mutares to strengthen its Engineering and Technology division and will now operate under the name VALTI.

This transaction closed on 31 May 2022.

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