Hilco Industrial Acquisitions will handle the sale of the tube production assets of Vallourec Deutschland, following the closure of Vallourec’s German sites.
Amsterdam-based Hilco Industrial Acquisitions is a subsidiary of US-based group Hilco Global. In 2022, it acquired the assets of thyssenkrupp’s heavy plate rolling mill in Duisburg and later sold them to a new owner in Asia (see Kallanish passim).
Hilco has now announced a strategic partnership for the sale and project management relating to the disposal and removal of all assets located at two production sites in Düsseldorf-Rath and Mülheim an der Ruhr.
The assets are primarily related to seamless pipe production, Hilco notes. The sale will be conducted in partnership with National Machinery Exchange, Inc. Hilco has listed these assets for sale on its website, hilcobid.com. Production at Vallourec’s two sites ceased at the end of 2023.
According to Hilco Industrial Acquisitions chief executive Robert Bouland, the sale presents an exceptional opportunity for buyers who are looking for modern, high-quality machinery for various industrial applications. These applications include mechanical pipes, structurals, cylinder pipes for industrial usage, boiler heads, nuclear for power generation, and OCTG for oil and gas purposes.
From the Rath mill, the scope of facilities includes a Danieli-built cross-rolling mill, and a pilger mill rebuilt by SMS in 2012. The equipment from Mülheim an der Ruhr includes a rotary hearth furnace, mandrel furnace units, and ultrasonic testing equipment.
Christian Koehl Germany