Hoberg & Driesch aims to strengthen market position and expand product portfolio with this strategic move and CEO Hanns-Jörg Westendorf stated: “This is a logical next step in light of market consolidation and change. We are delighted that the acquisition will enable Salzgitter Mannesmann Handel customers to make a smooth transition to us and further expand our range of services.”
Dr. Sebastian Bross, Member of the Management Board of the company, added: “Given the current market changes, we are focusing on our strengths to consolidate our position. Through the partnership with Hoberg & Driesch, both Mannesmann Precision Tubes GmbH and the stock trade are optimally positioned.”
Salzgitter Mannesmann Stahlhandel will have the opportunity to concentrate more on other important business areas with this sale. Following the acquisition, the integration of the pipe activities will take place gradually over the coming weeks.
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