Tubos Reunidos insolvency and acquisition process

The insolvency process for Tubos Reunidos has entered a competitive acquisition phase. In early September, insolvency administrators reported “great interest” in the company, noting that fourteen potential industrial investors had expressed interest in acquiring the production unit.

Labor unions, including LAB and UGT, have emphasized that any successful acquisition must provide a “solid” industrial project to ensure long-term employment and regional stability. Administrators previously assured workers that salaries for September and October would be paid.

By October, the deadline for the first round of acquisition offers was set for October 7. The administration granted extensions to the original timeline to allow potential buyers more time to analyze data. To be considered, initial proposals must include a commitment to maintain business activity for at least two years. Despite reporting a loss of 88.2 million euros in the first half of the year, the company noted a 41% increase in order intake between July and August compared to the previous year.