Milestones – Our history

In 1948, Mario Magnetto (1919-2002) gives birth to his first steel company called MAFEM (Materiali Ferrosi Edili & Meccanici) in Turin, which deals with the processing and trade of sheet metal. The company has two employees besides the owner and his wife, Anna Reinaudo, who takes care of administration.

Years after its birth, activities begin as Service Centre for trade and processing of coils for leading manufacturers of household appliances. Staff size grows from 22 to 38. The main supplier is the Italsider-Ilva Group.

CLN Sas (Coils, Lamiere, Nastri) starts out with 500,000 Italian Lira share capital. The activity is transferred to the new plant in Caselette, Turin. Months later it changes its business vehicle into C.L.N. S.p.A. with a 1,000,000 Lira share capital.

The international development strategy starts, giving birth to a chain of alliances that today makes CLN stand out as one of the world’s leading steel processing groups. The joint ventures with two Japanese giants - Sumitomo and Mitsubishi – for the supply of hot rolled coils are defined and signed. During the same period CLN became the major client of the French Group Usinor for flat products (Usinor became Sollac in 1990, then Arcelor in 2002 and ArcelorMittal in 2006). Mario Magnetto makes important acquisitions in Italy in stamping vehicle components and panels business.

CLN acquires DELFO.

CLN starts working with current ArcelorMittal, the world's leading integrated steel and mining company.

M.A.C. (Metallurgica Assemblaggi Carpenterie) is set up in Turin and later becomes one of FIAT’s main suppliers.

Sollac Group enters into CLN with a minority shareholding (35%).

CLN acquires Ferrero A&C in Buriasco.

CLN opens a new plant in Alpignano (Turin).
Magnetto starts negotiations with Sobieslaw Zasada Centrum Company to buy the Fabbrica Veicoli Speciali’s majority shares.

CLN acquires MDM of Pontedera (formerly Piaggio).
CLN gets into OVM-Iveco Brescia.

CLN acquires 40% of ICL.

CLN acquires a minority partnership of OMV, which produces different welded carbon steel tubes for automotive and motorcycle.

ITLA is set up.

CLN acquires a minority partnership in Cellino and join forces in the production of components for heavy transport and earth-moving equipment.
CLN buys an additional 1% of Nuova Sall’s shares.

CLN and Canessa merge.

Marubeni-Itochu Steel becomes CLN’s equity partner with a 10.45% stake.
CLN founds a new company in Poland called CLN Polska.
CLN with Prorena Canessa achieves control of Delna.

CLN buys the remaining shares of Prorena-Canessa and ITLA, and further 16.1% of Delna’s shares (69.7%).
CLN sells to Prorena-Canessa 48% of Metaltranciati.
CLN takes over GRB company (now MFB).
CLN completes the acquisition of Algat Industries plants (now MFB).
CLN sells the Aircom US holding.

CLN issues a bond with a nominal unit value of 100,000 Euro and a seven-year tenor. It is officially listed on the Irish Stock Exchange.
CLN and ArcelorMittal CLN Distribution Italia (AMDSI) give birth to ArcelorMittal CLN Distribuzione Italia.
CLN acquires 20% of share capital of BeonD, a e-mobility start-up.

CLN acquires 80% of MIM Steel Processing (Germany).

ITLA makes a joint venture with Giuseppe & F.lli Bonaiti, becoming ITLA Bonaiti.

CLN sells San Polo Lamiere to ArcelorMittal CLN.
CDP and IFC finance CLN with 134 million euros to support the international growth.

CLN Group sells the cold rolling of steel flat products companies ITLA and its subsidiary ITLA Bonaiti.

On 29 May, CLN S.p.A. and Cellino Group Holding S.r.l. entered into a share purchase agreement to transfer the 39% stake of Cellino S.r.l. held by CLN to Cellino Group Holding. Following this transaction, CLN got out from Cellino S.r.l. capital and Cellino Group Holding became its sole shareholder.