Hoberg & Driesch Röhrengruppe, a German distributor of steel tubes with sites in ten European countries, has acquired part of the tube activities of Salzgitter Mannesmann Stahlhandel in Germany.
The transaction includes distribution of seamless thick-walled tubes and precision steel tubes, Kallanish learns.
The acquisition will strengthen Hoberg & Driesch’s market position and product portfolio, the Düsseldorf-based company states. “This is the logical next step with a view to market consolidation and change … The takeover will enable Salzgitter Mannesmann Handel customers to make a seamless transition to us,” says Hoberg & Driesch Röhrengruppe chief executive Hanns-Jörg Westendorf.
While Hoberg & Driesch continues to expand its market position, Salzgitter Mannesmann Stahlhandel will be able to focus more strongly on other core business areas. The integration of the activities will take place gradually over the coming weeks, Hoberg & Driesch says.
