GMH Gruppe completes acquisition of Buderus Edelstahl units

German specialty steel manufacturer GMH Gruppe has announced that it has legitimately completed the acquisition of two business units from domestic high-performance metals manufacturer Buderus Edelstahl GmbH. The acquisition, which covers a hot rolling machine for large rolled products, as well as machines for processing and heat treatment of forged parts with an open die, will now be integrated into GMH Gruppe's production network, strengthening its position as a leader in the European tool steel market and complementing its strategy of green steel and a closed-loop economy.

Strategic implications for the growth of tool steel and green steel production

This acquisition is consistent with GMH Gruppe's strategic focus on the "circular economy", "green steel" and "heavy forging". With the integration of Buderus Edelstahl's large rolling and heat treatment capabilities, GMH is now expanding its customer service capabilities that require large-format, high-quality tool steel and forged components.

Within the group, raw materials will come from the group's existing facilities such as Georgsmarienhütte, Stahlwerk Bous, Schmiedewerke Gröditz and Pleissner Guss, which will improve vertical integration and cost efficiency.

The machining and heat treatment of Buderus Edelstahl complement the existing facilities of Schmiedewerke Gröditz GmbH, ensuring that the production of complex forged components for customers around the world will continue to meet the highest quality standards.