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Salzgitter Group Expands European Trading Network

Steel News - Published on Fri, 17 Jan 2020

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Salzgitter Mannesmann Staalhandel BV, a Group company of Salzgitter AG, took over heavy plate specialist trading company Statendam Steel Plates BV effective December 31, 2019. Both companies operate out of Oosterhout Netherlands. Statendam Steel Plates BV was founded in 2000 and was formerly 100 % privately owned. It supplies companies in the Netherlands in the sectors of construction, trading, boiler manufacturing, mechanical engineering, metalworking, offshore and ship building.

The acquisition enables Salzgitter Mannesmann Staalhandel B.V. to extend its product portfolio and strengthen its market presence in the Netherlands. The company is part of the international trading organization of Düsseldorf-based Salzgitter Mannesmann Handel GmbH that heads up the Trading Business Unit within the Salzgitter Group.

The parties have agreed to keep the purchase price confidential.

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Posted By : Rabi Wangkhem on Fri, 17 Jan 2020
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