Austrian distribution group EHG Stahlzentrum has taken over two steel stockholders in Germany’s state of North Rhine Westphalia, Kallanish notes.
Both of the companies acquired, Lingemann Stahlgrosshandel GmbH and Stahlkontor GmbH, are located in Bad Oeynhausen in eastern Westphalia. They were both long-standing and family-owned firms, and were spun off to EHG by sole owner Lorenz Lingemann. EHG previously consisted of seven sites in Austria, Switzerland, Romania and southern Germany. The new additions in Westphalia will constitute the group’s northern-most sites.
EHG’s range of products places an emphasis on speciality steel long products such as engineering steels and bright bar, but also offers sections, sheets and stainless products. According to EHG’s managing directors, Markus Lutz and Stefan Girardi, the two Westphalian firms “… fit very well with us with their range of products.” They highlight that the acquisition brings in expertise in pipe laser-cutting, thus adding new processing technology to EHG.
EHG is headquartered in Dornbirn and employs a staff of 300 at its now-expanded nine sites. The company achieved a consolidated revenue of €165 million ($187m) in 2017.