Thyssenkrupp Materials Services announced the sale of its Spanish subsidiary Thyssenkrupp Materials Processing Lamincer SAU to Arania SAU, a division of Grupo Arania. Thyssenkrupp Materials Processing Lamincer was founded in 1986 in Munguia, in the Basque province of Vizcaya.
Initially, the German group owned a minority stake, and in 2009 it took full ownership, becoming part of tk Materials Processing Europe. The Spanish cold-rolled steel firm employs 75 people, has a capacity of approximately 40,000 tonnes per annum and specializes in the production of carbon cold-rolled strip, structural steel and micro-alloyed materials. Tk Materials has already started focusing its own portfolio in 2019 as part of the strategic development of Materials as a Service.
The sale of the Spanish company is another step in this direction. As a cold rolling company, Lamincer is not part of the materials and services supplier's core business, tk said, but notes that it remains active in several locations in Spain.
Steel processing company Grupo Arania has five production sites and is present in 65 countries, employing more than 1,000 people and generating sales of 500 million euros (555 million US dollars). It is divided into business units for cold rolled strip, welded pipe, heavy duty storage systems and light duty.
