STEP-G Acquired Two Facilities Expanding Its Extrusion Business

STEP-G – ST Extruded Products Group – acquired two facilities in Germany, expanding its business in distributing high-quality semi-finished aluminium products. The company took over the aluminium foundry business of Aluwerk Hettstedt GmbH and the entire business of RMG Metallfachhandel GmbH.

The two production facilities specialise in the production and distribution of medium and hard alloy extrusions for a wide range of industries. The company expects to conclude the transaction in the third quarter of this year. The parties did not disclose the transaction value.

“The expansion of our extrusion business represents the next step in our strategy to position STEP-G in the dedicated business of extrusion products focussed on serving key branches including automotive, aerospace and railway industry,” said Michael Zint, Managing Director of STEP-G. “These acquisitions further strengthen our position as partner for high demanding alloys either for billets or extruded profiles.”

 

Congratulations to this business success!
STEP-G takes over the casting business of Aluwerk Hettstedt: #aluminium #casting https://t.co/zneFQL7kcQ

— Aluminiumverband – GDA (@aluverband) April 8, 2019

STEP-G is a global company specialising in the production of extruded aluminium. Now owned by Sankyo Tateyama Inc. of Japan, the company was founded in Germany in 1915. STEP-G has production sites in Germany (Bitterfeld, Bonn and Vogt), Belgium (Duffel) and China (Tianjin). Aluwerk Hettstedt – located near Magdeburg – is a manufacturer of cast and extruded aluminium products. Ladenburg-based RMG Metallfachhandel is a distributor of semi-finished metal products.