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Rupert Fertinger to acquire Hydro Extruded Solutions Operations in Remscheid in Germany

Metal News - Published on Fri, 07 Aug 2020

Image Source: Rupert Fertinger Hydro Extruded Solutions Remscheid
Hydro and Rupert Fertinger GmbH have signed a Term Sheet for Fertinger to acquire Hydro’s welded tube business in Remscheid in Germany. The Remscheid operations employ 124 people and was planned to be closed by Hydro at year end. The signed Term Sheet contains the principle terms of the transaction to sell the business, which is expected to be completed October 1, 2020.

In the transaction, Fertinger will take over a majority of the employees, and the transaction will secure continued deliveries to the customers of Hydro Remscheid.

Source :

Posted By : Yogender Pancholi on Fri, 07 Aug 2020
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