German steel manufacturer Salzgitter AG has announced the sale of its subsidiary Klöckner DESMA Elastomertechnik GmbH to the German-French industrial group NAME & MAWI Partners S. A. S. (NMP) as part of an active portfolio management strategy.
The transaction, conducted in accordance with Salzgitter's "best owner" principle, is expected to be completed in the fall of 2026. The parties agreed not to disclose the purchase price.
The deal supports Salzgitter AG's strategy through 2030.
The company stated that the asset sale is part of the implementation of the Salzgitter AG 2030 group strategy and is aimed at creating sustainable long-term development opportunities for its portfolio companies.
Commenting on the deal, Gunnar Grobler, CEO of Salzgitter AG, stated that the sale was the result of a thorough strategic analysis and reflects the company's consistent approach to portfolio management. He added that Salzgitter believes that under the new owner, Klöckner DESMA Elastomertechnik will have favorable conditions for further development, which will benefit both the company and its employees due to a clear long-term perspective.
NMP is focused on global expansion through acquisition.
NMP Group CEO Narif Meksawan stated that this acquisition supports the company's strategy to expand its production capacity and international sales network to meet growing customer demand. He noted that combining DESMA's production facilities with NMP's global sales network would strengthen the group's position, especially in the US, India and China markets. NMP specializes in technologies for splitting, stripping and cutting soft materials and manufactures equipment mainly for the leather, rubber, shoe and packaging industries.
Klöckner DESMA manufactures injection molding machines for rubber and silicone products. In addition to injection molding machines, the company supplies comprehensive manufacturing solutions, including injection molding systems, cold forming conveyor systems, and customized automated equipment for customers in the automotive, electric power, raw materials, infrastructure, medical technology, and home appliance industries.
,, Author:, Editorial staff of SteelOrbis,
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