voestalpine Precision Strip GmbH, a company in the conglomerate’s metal forming division, is acquiring the Wickeder Steel Company, based in Wisconsin, USA.

The enterprise has a staff of 50 employees and generated revenue of around €13 million in 2014.

The Wickeder Steel Company specializes in heat treating and hardening carbon steels for the manufacture of saws, hand tools, and flapper valves, and is one of the top five companies in this sector in the USA.

‘The Wickeder Steel Company product and technology portfolio is a perfect match for our US growth strategy and our core competencies,’ said Peter Schwab, member of the management board of voestalpine AG and head of the metal forming division.

This story is reprinted from material from voestalpine, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.