Saarstahl acquires FNsteel: Strategic expansion in the cold heading steels segment

Saarstahl Aktiengesellschaft acquires the Dutch long steel manufacturer FNsteel B.V. The company, based in Alblasserdam, has one of the most advanced processing facilities in Europe and specializes primarily in the production of high-quality cold heading steels for customers in the automotive and construction industries. With this acquisition, the Saarstahl Group is strengthening its market position in the cold heading steel segment.

Cold heading steel is a high-quality steel that has been specially developed for cold forging. The cold heading process enables economical production of precision parts that can withstand extreme loads. Cold heading steels are known for their especially high purity and formability, toughness, and reliable strength. The focus on cold heading steel fits perfectly into the portfolio of the Saarstahl Group, which has many years of expertise in the production and processing of these special steels.

“FNsteel has state-of-the-art plants, excellent product quality and an established market position. This is a superb fit for us and will help to consolidate our position in the cold heading steel sector,” said Stefan Rauber, Chairman of the Board of Management of Saarstahl. “The integration of FNsteel is in line with our strategy to further expand our competitiveness and thus to strengthen Saarland and Germany as an industrial location.”

Jonathan Weber, Chief Transformation Officer at Saarstahl, added: “This acquisition sustainably strengthens and augments the expertise as well as the production and innovation capacities of both companies, as well as opening up new avenues for continued growth. Our aim is to integrate the new plant quickly and effectively into our group of companies – in line with our strategy and the ongoing transformation process.”

FNsteel CEO Matthijs van der Schoot and CFO Bert Sterrenburg emphasized: “Becoming part of a leading company in the long steel products segment presents strong new opportunities for FNsteel. This step enables us to further develop our business sustainably and to make the most of the full potential of FNsteel. We are excited to become part of the Saarstahl family. Thanks to this solid foundation, we are confident we can continue improving our range of products and services for our customers – based on the strength of two powerful brands and more than 85 years of experience in supplying high-quality long steel products.”

The acquisition of FNsteel by Saarstahl is subject to the approval of the relevant antitrust authorities and is expected to be completed by the end of the year.