The Austrian metallurgical company voestalpine has agreed to sell voestalpine Böhler Profil, part of the High Performance Metals division, to the American Kadant Inc., a global supplier of engineering solutions for industry. This is stated in the company's press release.
The contract has already been signed, but the agreement still requires regulatory approval and should be completed by the end of the 2025/26 fiscal year. The new owner will retain jobs at the company in Bruckbach (Lower Austria).
Boehler Profil specializes in the production of special profiles for industrial applications, in particular, it is one of the leading manufacturers of profiles for industrial knives. According to voestalpine CEO Herbert Eibensteiner, the sales are part of a consistent optimization of the High Performance Metals portfolio – the company is no longer considered a strategically key asset of the group due to its structure, sales channels and production processes.
In the fiscal year 2024/25, BÖHLER Profil had about 150 employees and revenue of 51.5 million euros. Over the past 15 years, voestalpine has invested €23 million in the development of the site, in particular in automation and digitalization of production.
Reinhard Niebauer, voestalpine Board member and head of the High Performance Metals division, noted that the company is profitable and has demonstrated stable results, and Kadant plans to further develop its business and product portfolio.
Following the sale of Buderus Edelstahl in Germany, consolidation of sites outside Austria, and capacity adjustments at Boehler Bleche, the division has effectively completed its restructuring. Despite the deal, voestalpine confirmed its EBITDA forecast for fiscal year 2025/26 in the range of €1.40-1.55 billion.
