Buderus Edelstahl has sold its Hot Rolling Mill and Mechanical Processing divisions, including heat treatment, to GMH Gruppe as part of a strategic realignment aimed at fostering growth and securing jobs.

Information on the Target

Buderus Edelstahl, a wholly-owned subsidiary of Mutares SE & Co. KGaA, has successfully sold its two business divisions: the Hot Rolling Mill and Mechanical Processing, including Heat Treatment, to GMH Gruppe. This company is a distinguished manufacturer of high-quality specialty steels, emphasizing tool steels and stainless construction steels, and boasts a diverse international customer base with an annual turnover of approximately EUR 360 million. This strategic sale follows initial optimization and transformation efforts implemented since the acquisition, representing a pivotal step for Buderus Edelstahl towards sustainable development.

The acquisition by GMH Gruppe is anticipated to provide significant growth opportunities for the Hot Rolling and Mechanical Processing divisions, which includes heat treatment services. Amid challenging market conditions, the sale has also played a crucial role in securing about 670 jobs at the Wetzlar site, showcasing the importance of strategic partnerships in maintaining employment stability in the steel industry.

Industry Overview in Germany

The steel industry in Germany is experiencing a period of transformation, characterized by both challenges and opportunities. On one hand, the sector is grappling with fluctuating raw material prices and incre