It is now official: The hot rolling mill for large, rolled steel dimensions and mechanical processing, including heat treatment, for Buderus Edelstahl GmbH’s highly complex open-die forgings, are now part of the GMH Gruppe.
The closing conditions relating to the acquisition have now been completed, and the authorities have approved the merger, meaning the takeover is now legally concluded. The GMH Gruppe is now beginning to integrate the company into its processes and value chains.
“We are pleased that the closing conditions were met smoothly and on schedule. We are very excited to begin integrating Buderus into the GMH Gruppe. Above all, we look forward to offering our customers a significantly broader range of product solutions at the highest possible level. This makes me very proud,” said Dr. Alexander Becker, CEO of the GMH Gruppe.
The rolling mill closes an existing production gap at Georgsmarienhütte GmbH, expanding the product range to dimensions of up to 300 mm square. This enables access to new markets, including those beyond the traditional passenger-car combustion-engine segment.
In the future, Buderus will be able to source raw materials from within the group — for example from Georgsmarienhütte GmbH, Stahlwerk Bous, Schmiedewerke Gröditz, and Pleissner Guss. This will enable the GMH Gruppe to offer customers a significantly broader and more specialized product portfolio.
For the more than 300 employees of the newly acquired business units, the change in ownership marks the beginning of a new chapter within an internationally active, family-owned industrial group — offering greater resources and long-term prospects. The GMH Gruppe plans to further develop and sustainably expand the acquired operations in a targeted manner.
“We are very pleased to welcome our new team members to the GMH family,” said Dr. Anne-Marie Großmann, CDO of the GMH Gruppe.
Customers will continue to benefit from high-quality products, which will now be enhanced by the broader expertise and production capabilities within the GMH Gruppe.