{"id":32591,"date":"2026-01-02T07:29:11","date_gmt":"2026-01-02T06:29:11","guid":{"rendered":"https:\/\/mutares.com\/?p=32591"},"modified":"2026-01-02T07:29:46","modified_gmt":"2026-01-02T06:29:46","slug":"mutares-has-completed-the-acquisition-of-greer-steel-co-inc-in-the-usa","status":"publish","type":"post","link":"https:\/\/mutares.com\/en\/mutares-has-completed-the-acquisition-of-greer-steel-co-inc-in-the-usa\/","title":{"rendered":"Mutares has completed the acquisition of Greer Steel Co., Inc. in the USA"},"content":{"rendered":"<ul>\n<li>Leading provider of cold rolled strip steel for automotive and industrial markets<\/li>\n<li>Strategic platform acquisition to strengthen the Engineering &amp; Technology segment and expand North American presence<\/li>\n<\/ul>\n<p style=\"font-weight: 400;\"><strong>Munich, January 02, 2026<\/strong>\u00a0\u2013 Mutares SE &amp; Co. KGaA (ISIN:\u00a0<a href=\"https:\/\/www.boerse-frankfurt.de\/equity\/mutares-se-co-kgaa?mic=XFRA\">DE000A2NB650<\/a>) has successfully completed the acquisition of Greer Steel Company (\u201cGreer Steel\u201d), a leading provider of cold rolled strip steel based in Dover, Ohio, USA, from Greer Industries, Inc. The transaction marks a relevant step in expanding Mutares\u2019 Engineering &amp; Technology segment and its footprint in North America.<\/p>\n<p style=\"font-weight: 400;\">Greer Steel is a specialist in cold rolled strip steel, offering a broad range of products including high carbon, low carbon, high-strength low-alley steel, and alloy steels. The company operates a facility in Dover, Ohio, with advanced capabilities such as cold rolling, hydrogen annealing, pickling, slitting, shearing, wire flattening, traverse winding, edge profiling, and finishing. In 2024, Greer Steel shipped over 18,000 tons of product, with 96% of sales in the US and 4% in Canada. The company employs approx.110 people.<\/p>\n<p style=\"font-weight: 400;\">Greer Steel\u2019s customer base spans the automotive, service center, hardware, hand tools, and stamping industries, with automotive representing 60% of 2024 revenues. The company is recognized for its quality with a long operational track record, technical expertise, and ability to deliver made-to-order solutions for demanding applications.<\/p>\n<p style=\"font-weight: 400;\">The acquisition of Greer Steel is a strategic move for Mutares, providing a platform for growth in the North American steel processing market and unlocking cross-selling opportunities with automotive customers. Mutares will support Greer Steel\u2019s transformation through operational improvements, inventory optimization, and targeted investments, including an ERP carve-out and integration measures.<\/p>\n<p style=\"font-weight: 400;\">Johannes Laumann, CIO of Mutares, comments: \u201cThis acquisition is a strategic milestone for Mutares, strengthening our Engineering &amp; Technology segment and expanding our presence in North America. Greer Steel\u2019s technical capabilities and strong customer relationships make it an ideal platform for further growth. We look forward to supporting the team in unlocking its full potential and benefiting from favorable market trends in today&#8217;s US trade environment, which will further strengthen the company\u2019s competitive position.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Leading provider of cold rolled strip steel for automotive and industrial markets Strategic platform acquisition to strengthen the Engineering &amp; Technology segment and expand North American presence Munich, January 02, 2026\u00a0\u2013 Mutares SE &amp; Co. KGaA (ISIN:\u00a0DE000A2NB650) has successfully completed the acquisition of Greer Steel Company (\u201cGreer Steel\u201d), a leading provider of cold rolled strip [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[347],"tags":[],"class_list":["post-32591","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Mutares has completed the acquisition of Greer Steel Co., Inc. in the USA - Mutares SE &amp; Co. KGaA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mutares.com\/en\/mutares-has-completed-the-acquisition-of-greer-steel-co-inc-in-the-usa\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mutares has completed the acquisition of Greer Steel Co., Inc. in the USA\" \/>\n<meta property=\"og:description\" content=\"Leading provider of cold rolled strip steel for automotive and industrial markets Strategic platform acquisition to strengthen the Engineering &amp; Technology segment and expand North American presence Munich, January 02, 2026\u00a0\u2013 Mutares SE &amp; Co. 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