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GMH Gruppe legally completed the acquisition of the hot rolling mill for large rolled steel dimensions and the mechanical processing including heat treatment for highly complex open-die forgings of Buderus Edelstahl GmbH. The deal makes GMH Gruppe the European market leader for tool steel.
GMH Gruppe acquired 100% of Kind & Co., a tool steel producer based in Wiehl, Germany, with 2023 sales of €125 million. The deal strengthens GMH's position in hot-work tool steels.
GMH Gruppe has signed an agreement to acquire ALBA Metall Saar GmbH, a scrap and metal trading company in Bous, Saarland. The transaction is subject to closing conditions and antitrust approval, with completion expected by August 30, 2024.