Monday, 26 September 2016

Orth Kluth advises Outokumpu on the full acquisition of Hernandez Edelstahl GmbH

Established as one of the global market and technology leaders in the stainless steel industry, Outokumpu acquires the remaining shares in Hernandez Edelstahl GmbH indirectly from the founding family. In the course of this transaction, Outokumpu also acquires the company real estate belonging to the site of Hernandez Edelstahl GmbH.

Orth Kluth is advising Outokumpu throughout the combined share asset deal. WELLENSIEK advised the founding family and the seller of the property.

Outokumpu significantly expanded its operations in Germany in 2012 with the acquisition of Thyssen-Krupp's stainless steel business and entered the market in 2015 with a minority stake in Hernandez Edelstahl GmbH in southern Germany. Following the purchase of the remaining shares, Hernandez Edelstahl GmbH is now fully part of the listed Outokumpu Group, which is controlled from Finland.