Austrian steel and metals distribution company EHG Gruppe has acquired Pader Stahl in Paderborn, thus expanding its presence in Germany and especially in North Rhine Westphalia state.
Pader Stahl operates two houses in Paderborn, with some 40 employees, and in 2022 achieved a revenue of €37 million ($41m). It offers various processing services, especially sawing. EHG notes the new company in its group will see a promising synergy with a warehouse it owns in Bad Oyenhausen, which is located nearby.
EHG notes that the takeover is being carried out in two stages, with 50% of the shareholding changing ownership retroactively as of 1 January 2023, and the other 50% following at the end of 2026.
Kallanish has also learned of plans by the Austrian group to build a new site with office buildings and a warehouse in Aichach, Bavaria. It says this investment will massively expand its capacities in southern Germany and prepare the group for future growth that is expected in the region.
The new location will employ a staff of 35; its warehouse will have a size of more than 8,000m2. The groundbreaking took place in July and completion is projected for the end of 2024. The roof of the warehouse will be covered with solar panels to provide some of the electricity feed for the site.
EHG now operates ten sites in Austria, Germany, Switzerland and Romania. With 360 employees, it sends out a daily tonnage of approximately 600 tonnes, and in 2022 achieved revenue of €215m.
Christian Koehl Germany