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Donges SteelTec, a subsidiary of Mutares Group, completed the acquisition of the Kalzip Group from Tata Steel Europe. The deal increases Donges Group's annual sales to approximately EUR 110 million and adds aluminium roof and facade solutions to its product portfolio.
Tata Steel Europe signed an agreement to sell its German aluminum roofing and cladding business Kalzip to German steel construction group Donges SteelTec. The transaction is expected to be completed by the end of September 2018.
Mutares has acquired Donges Steeltec, a German steel construction company, from Mitsubishi Hitachi Power Systems Europe. Donges generates EUR 36 million in turnover with 200 employees.