Voestalpine acquires Swiss bright bar firm

With the acquisition of Metaltec AG in Pieterlen, Switzerland, voestalpine is further expanding the high-quality segment range of its subsidiary High Performance Metals Division.

Metaltec supplies bright bar, drawn or ground stainless steel that has the closest tolerances and a particularly even and smooth surface and thus improved machinability. The focus is on industries with the highest demands, such as the Swiss watch industry, medical technology (implants, instruments), but also the automotive supply industry, Kallanish learns. In 2021, the company achieved revenue of CHF 10 million ($11m) with 37 employees.

For the Swiss unit of voestalpine High Performance Metals, this will result in a unique selling proposition on the market in future, the steelmaker says.

Christian Koehl Germany