[SMM Stainless Steel Flash] Fagor Arrasate Acquires Stainless Steel Processor Herpasa

Published: Jul 3, 2026 11:38
Spanish technology manufacturer Fagor Arrasate has expanded its coil processing capabilities by acquiring Herpasa, a stainless steel tank manufacturer based in Castellbisbal, following the conclusion of the latter's insolvency proceedings. Fagor Arrasate stated that its immediate priority is to ensure continuity of Herpasa's ongoing projects while providing the resources and sales network needed to develop the business further. The entire workforce will be retained and strengthened to preserve the specialist expertise associated with the brand. No financial terms were disclosed.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Narrowing Price Spread Between High- and Low-Grade NPI as Nickel Prices Decline
1 hour ago
Narrowing Price Spread Between High- and Low-Grade NPI as Nickel Prices Decline
Read More
Narrowing Price Spread Between High- and Low-Grade NPI as Nickel Prices Decline
Narrowing Price Spread Between High- and Low-Grade NPI as Nickel Prices Decline
[SMM Nickel Flash] July 3 – According to SMM, the price spread between different NPI grades has been restored currently. With the continued decline in nickel prices, the cost-effectiveness disadvantage of high-grade NPI material has become prominent, steel mills' procurement preferences have shifted, and the acceptance of high-nickel-unit material has continued to decline, leading to a narrowing of the price spread between high- and low-grade materials.
1 hour ago
SMM: High-Grade NPI Sentiment Index Drops, Market Remains Sluggish in July
1 hour ago
SMM: High-Grade NPI Sentiment Index Drops, Market Remains Sluggish in July
Read More
SMM: High-Grade NPI Sentiment Index Drops, Market Remains Sluggish in July
SMM: High-Grade NPI Sentiment Index Drops, Market Remains Sluggish in July
[SMM Nickel Flash] On July 3, SMM’s high-grade NPI market sentiment index came in at 1.99, down 0.02 MoM. The upstream sentiment index for high-grade NPI stood at 2.26, down 0.03 MoM, while the downstream sentiment index for high-grade NPI was 1.72, flat MoM. The nickel pig iron market remained sluggish and stuck in a stalemate overall today, with purchase willingness from downstream steel mills staying mediocre.
1 hour ago
Indonesian MHP Nickel and Cobalt FOB Prices Decline, High-Grade Nickel Matte Down $111/mt Ni
3 hours ago
Indonesian MHP Nickel and Cobalt FOB Prices Decline, High-Grade Nickel Matte Down $111/mt Ni
Read More
Indonesian MHP Nickel and Cobalt FOB Prices Decline, High-Grade Nickel Matte Down $111/mt Ni
Indonesian MHP Nickel and Cobalt FOB Prices Decline, High-Grade Nickel Matte Down $111/mt Ni
According to SMM data, on July 3, the FOB price of MHP nickel in Indonesia declined by $110/mt Ni from the previous day, while the FOB price of MHP cobalt fell by $220/mt Co. The FOB price of Indonesian high-grade nickel matte declined by $111/mt Ni.
3 hours ago