Outokumpu Oyj : divests its Aalten service center to Roba Holding
June 27, 2022 at 08:05 am EDT
Share
Outokumpu divests its Aalten service center to Roba Holding
Outokumpu Oyj
News
June 27, 2022
Outokumpu divests its Aalten service center to Roba Holding
Outokumpu is divesting its plate service center in Aalten, the Netherlands to Roba Holding, which is a family-owned business located in the Netherlands and a supplier of steel, stainless steel, aluminium, recycled metal as well as non-ferrous metals.
Outokumpu continues to supply Aalten with plates produced at its Degerfors plate mill in Sweden as well as from other Outokumpu mills, even after the closing of the deal, which we estimate will take place in approximately 1-3 months.All the employees, management and operations in Aalten will be part of the deal and transfer to Roba Metals.
"Roba Metals is a familiar company to us at Aalten and surely our good relationship bodes well for joining our operations. Our products and services, as well as our contact peopleat Aalten, will remain the same going forward," says Eric Bartels, head of the Aalten PSC.
"Through this transaction, we are combining our forces with our customers, which makes sense and allows us to make our European operations the most profitable in Europe. The divestment does not affect our other coil and plate operations in Europe. We continue to work together, as Outokumpu continues to supply Aalten with plates produced at Outokumpu mill's," says Antti Maununiemi, VP, Corporate Finance & M&A at Outokumpu.
Attachments
Original Link
Original Document
Permalink
Disclaimer
Outokumpu Oyj published this content on 27 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 June 2022 12:04:02 UTC.
Outokumpu Oyj is one of the world's leading manufacturers of stainless steels. Net sales break down by activity as follows:
- sales of generic steel products (95.3%): rolled products, plates, flat steels, etc. The group also develops ferrochrome production activity. Net sales break down by geographical area between Europe (71.6%) and America (28.4%);
- ferrochrome production (3%);
- other (1.7%): primarily holdings in industrial groups.
Net sales are distributed geographically as follows: Finland (3.5%), Europe (61.2%), North America (28.7%), Asia/Pacific (5.3%) and other (1.3%).