Two addional subsidiaries; Officine Maccaferri Italia Srl and Maccaferri Manufacturing Europe SRO (Slovakia)
From July 2016, the Notes is guaranteed on a senoir basis by two addional subsidiaries to those appointed at the time of the issue: Officine Maccaferri Italia Srl and Maccaferri Manufacturing Europe sro. These two subsidiaries are directly held and are both of recent constitution.
Officine Maccaferri Italia Srl ha been incorporated January the 1st, 2016 from the spin off of the Italian distribution business from the Parent Company “Officine Maccaferri S.p.A.”. Officine Maccaferri S.p.A. is now focused on its role of holding company of the Group providing mainly corporate services.
Maccaferri Manufacturing Europe SRO (Slovakia) has been incorporated in December 2015 through the contribution of the manufacturing business of Double-twist and Geosynthetics products by Maccaferri Central Europe SRO. This event is part of the industrial footprint rationalization project in Emea region.