Voestalpine has agreed to divest Böhler Profil, a company in its High Performance Metals division, supplier of special profiles for a variety of industrial applications including industrial knives, Kallanish learns.
The buyer is US company Kadant, based in Webford, Massachusetts, with 3,900 employees in 22 countries worldwide. According to voestalpine, Kadant will retain the unit’s staff working at the production site in Bruckbach, Lower Austria.
The Austrian group is divesting the unit for strategic reasons and in line with the streamlining of the High Performance Metals division portfolio. “Kadant had repeatedly expressed interest in the company,” chief executive Herbert Eibensteiner notes on the occasion of the sale agreement.
In the business year 2024/25, Böhler Profil had a workforce of approximately 150 employees and generated revenue of €51.5 million ($61.6m). Over the past 15 years, voestalpine has invested a total of €23m in the Bruckbach site, for purposes including upgrading automation and digitalisation in profile manufacturing, the group highlights.
The spin-off follows the divestment of another unit of High Performance Metals, Buderus Edelstahl in Wetzlar, Germany, as well as site consolidations outside Austria, and capacity adjustments at voestalpine Böhler Bleche. With these measures, the High Performance Metals division has effectively completed the process of restructuring its portfolio, voestalpine states.
Author: Christian Koehl Germany
