Thyssenkrupp Materials sells Spanish unit to Arania

Thyssenkrupp Materials Services has announced the sale of Spanish subsidiary thyssenkrupp Materials Processing Lamincer S.A.U. to Arania S.A.U., a unit of Grupo Arania.

Thyssenkrupp Materials Processing Lamincer was founded in 1986 in Mungia, in the Basque province of Biscay. The German group initially held a minority stake, and took full ownership in 2009, making it part of tk Materials Processing Europe. The Spanish cold-roller firm has 75 employees, a capacity for around 40,000 tonnes/year, and specialises in carbon cold-rolled strip, structural steel and micro-alloyed materials.

Tk Materials had already initiated the focusing of its own portfolio in 2019 as part of the strategic development of “Materials as a Service”. The sale of the Spanish company is a further step in this direction, Kallanish learns from the German group. As a cold-rolling company, Lamincer is not part of the core business of the materials distribution and service provider, tk says, but notes that it continues to be active at several locations in Spain.

Steel processor Grupo Arania has five production locations and presence in 65 countries, and employs more than 1,000 people with a sales turnover of €500 million ($555m). It is divided into business units for cold-rolled strip, welded tubes, heavy loads and lightweight loads storage systems.

Christian Koehl Germany