ST Extruded Products Group (STEP-G) acquired two new companies, Aluwerk Hettstedt GmbH, a manufacturer of cast billets and extruded profiles and the processing business of RMG Metallfachhandel GmbH. With this acquisition, STEP-G has taken an important step towards expanding its business in distributing high-quality semi-finished aluminum products. The transaction includes two facilities in Germany. The facilities are specialized in the production and distribution of medium and hard alloy extrusions. These new facilities add to the existing five plant locations for STEP-G, which include three plants in Germany: at Bitterfeld, Bonn, and Vogt; one in Belgium at Duffel; and one in China at Tianjin.
STEP-G is a well-regarded and experienced manufacturer of large profiles with one of the largest presses in Europe. Their first German plant at Bitterfeld was found in 1915. As such they have developed high-quality products and special alloys, with an extensive range of hard alloys, through many years of process know-how. They have more than 1,000 top-class customers.
The expansion of our extrusion business represents the next step in our strategy to position STEP-G in the dedicated business of extrusion products focused on serving key branches including automotive, aerospace, and the railway industry,” said Michael Zint, managing director of STEP-G. “Sankyo Tateyama Inc. as the Japanese owner of STEP-G views these sites as very complementary to their existing extrusion business that will enable Sankyo Tateyama to grow.” The transaction is expected to close in the third quarter of 2019.
This expansion is in line with recently announced major projects that have been won by STEP-G ensuring its future growth. Recently Volkswagen Group placed an order for aluminum extrusions from STEP-G that represented the largest single order in the company’s history. The order includes the production of components for battery frames for vehicles manufactured with the Modular Electrification Toolkit (MED) developed by Volkswagen.