Germany’s GMH Gruppe says it has acquired 100% of shares in another, smaller German steelmaker, Kind & Co. Edelstahlwerk.
Kind & Co specialises in the production and refinement of high-alloy steels and offers a wide range of tool steels and special alloys. It is based in Wiehl, North Rhine-Westphalia, and generated sales of around €125 million ($138m) in 2023, Kallanish notes.
The acquisition will strengthen GMH’s position in the tool steel industry, particularly in the segment of hot-work tool steels, in which Kind & Co holds an outstanding international position, according to GMH.
Kind & Co’s expertise in research and development will also support GMH Gruppe’s ongoing innovation efforts, the group adds.
“Since its foundation in 1888, Kind & Co has been family-owned, with the fourth generation in control since 2000,” says Susanne Wildner, managing director and, until the acquisition by GMH, shareholder of Kind & Co. “GMH Gruppe and Kind & Co share the same values and an owner-managed, entrepreneurial thinking and behaviour.”
Christian Koehl Germany
