Mutares completes the acquisition of Aperam Stainless Services & Solutions Tubes Europe

Mutares AG (ISIN: DE000A0SMSH2) has completed the acquisition of Aperam’s stainless steel welded tubes business located in Ancerville and Annecy, France. In 2016, the company generated revenues of EUR 64m. It will be a perfect add-on to BSL, Mutares’ French manufacturer of pipes and fittings.

Mutares has acquired Aperam’s French stainless steel welded tubes business. The company operates a manufacturing plant in Ancerville and a distribution centre in Annecy, France. It generated revenues of EUR 64m in 2016. It will be a perfect add-on to BSL, Mutares ’ French manufacturer of pipes and fittings, due to the strong synergy potential coming from the complementarity of product range and customers, and its geographical proximity.

Company profile of Aperam

Aperam is a global player in stainless, electrical and specialty steel, with customers in over 40 countries. The business is organized in three primary operating segments: Stainless & Electrical Steel, Services & Solutions and Alloys & Specialties. Aperam has 2.5m tonnes of flat Stainless and Electrical steel capacity in Brazil and Europe and is a leader in high value specialty products. Aperam has a highly integrated distribution, processing and services network and a unique capability to produce stainless and specialty from low cost biomass (charcoal). Its industrial network is concentrated in six production facilities located in Brazil, Belgium and France. In 2016, Aperam had sales of USD 4.3bn and steel shipments of 1.92m tonnes.