Germany: Netherlands-based FALK Bouwsystems has agreed to purchase Salzgitter Bauelemente from Salzgitter Group for an undisclosed price. Steel construction element manufacturer Salzgitter Bauelemente will continue to do business as a independent subsidiary with its existing managing director Kai Bohmbach. Under the terms of the acquisition, Salzgitter Bauelemente’s plant in Lower Saxony will continue to be supplied with raw materials from Salzgitter Flachstahl. However, its building and storage area will remain the property of Salzgitter Flachstahl and are leased to the purchaser for a minimum rental period of 10 years, with an option to extend.
FALK Group said, “With the acquisition of Salzgitter Bauelemente, we are pursuing the goal of entering the German market independently. To this end, we will build on the existing know-how and intend to expand the production volume at this location. The investment measures planned by management are also to be continued.”
Salzgitter Bauelemente produces steel construction elements, including sandwich panels made with polyurethane and mineral wool cores. Sandwich panel producer FALK Bouwsystems produces around 5Mm2/yr, about twice that of Salzgitter Bauelemente.
