Schoeller Werk completes acquisition of AK Feinrohr
by David Fleschen
Schoeller Werk GmbH & Co. KG is putting itself on a new footing as part of its future concept and further expanding the company's position as a specialist in the manufacture of premium-quality welded and drawn stainless steel tubes. With the aim of achieving a more flexible strategic realignment, AK Feinrohr GmbH, based in Neuhaus am Rennweg, is now part of the Schoeller Group. With the acquisition of AK Feinrohr, Schoeller Werk is capturing significant synergies in the production of stainless steel tubes: AK Feinrohr specializes in the production of cold redrawn precision tubes, and its know-how at the production site in Thuringia will complement Schoeller Werk’s existing portfolio. Customers of both companies will benefit from a high degree of flexibility when ordering top-quality stainless steel tubes.
AK Feinrohr is a manufacturer of welded and cold redrawn precision tubes and sections made of rust-resistant, acid-resistant and heat-resistant steels. It operates globally. The company, whose registered office is in Neuhaus (Thuringia) has been trading successfully since 1982 and has 130 employees. Around 2,000 tonnes of stainless steel are processed every year, representing a turnover of €13.5 million in fiscal year 2018.
In spring 2018, Schoeller Werk launched a future concept for further expanding and safeguarding the company's market position over the long term. We are focusing on comprehensive measures for increased efficiency, together with a further development of our product range and the opening up of new target sectors. One of the first measures to strengthen the Schoeller group’s market position in its core sector (welded stainless steel tubes) was the acquisition of AK Feinrohr GmbH. “We are looking forward to our future cooperation with AK Feinrohr. Based on our strategic considerations, the takeover of this company fits very well into our new future concept. With this operation, we are strengthening our market position, especially in the redrawn tube segment,” explains Frank Poschen, Managing Director of Schoeller Werk GmbH & Co. KG. ”We will therefore be able to react even more effectively to the increasing changes in market conditions and requirements. We are aiming to create optimum synergies, so that we can offer our customers the best possible performance.“
“Schoeller Werk is the strong and strategic partner we wished to have at our side,” says Markus Zübert, Managing Director of AK Feinrohr GmbH. ”As a result of this takeover by the Schoeller group, we are now becoming part of a large network offering the opportunity to grow and benefit as a partner.”
Once the deal is completed, AK Feinrohr GmbH will continue to operate as a self-contained company under the name Schoeller Feinrohr GmbH. Markus Zübert will remain as Managing Director, with support in future from Frank Poschen, who is the longstanding Managing Director of Schoeller Werk GmbH & Co. KG.
Source and Photo: Schoeller Werk