Buderus Edelstahl GmbH

Buderus Edelstahl GmbH is a manufacturer of high-quality special steels, specializing in tool steel, engineering steel, open-die forgings, closed-die forgings, hot-rolled strip, cold-rolled strip, and semi-finished rolled products. Founded in 1731 and headquartered in Wetzlar, Germany, the company generates approximately EUR 360 million in revenues in 2023/24 and employs around 1,100 staff at its production site in Wetzlar. The company has a global commercial presence with around 350 active customers, with its main markets being light vehicles, mechanical engineering, the truck industry, and wind energy.

Strategy:
With the acquisition of Buderus Edelstahl, we are further strengthening our Engineering & Technology segment in the area of steel components and securing our own steel base. Thanks to our existing product range and broad customer structure, Buderus Edelstahl will also benefit in the future, reducing its dependence on individual market risks and thus positioning itself more broadly for future growth within the Mutares Group. In line with the current situation at Buderus Edelstahl, we will negotiate an appropriate redundancy program with the employee representatives in the event that a reduction in the workforce becomes necessary. Buderus Edelstahl will focus on improving its production processes and supply chain with the aim of increasing profitability while maintaining its position as an innovator in the market and its strong reputation for the high quality of its products. We look forward to using the expertise of our in-house consultants to optimise production processes by implementing best practices from our portfolio companies.