Lafayette carves out five steel companies from Wuppermann

Three of the companies are pure sheet metal processors, based in Thalgau (Austria), Holýšov (Czech Republic) and Herbolzheim (Germany), while two, based in Herbolzheim and Burgebernheim (both Germany) also produce steel tubes. The five companies employ a total of 600 people and generate €90m in total revenues.

Wuppermann said sheet metal production and processing are no longer core areas of competence for the group, and it would not be able to give the companies the attention they require.

The vendor employed 1,500 people across nine production sites and generated revenues of €522m in 2016.

Company
Wuppermann in its pre-transaction structure was formed in 1985 from the companies remaining in the Wuppermann family's possession following the sale of the rolling mill in Leverkusen. It was controlled by the holding company Wuppermann AG, based in Leverkusen, which is fully owned by the family. The division being acquired by Lafayette employs 600 people.

People
Wuppermann Group – Theodor Wuppermann (board spokesperson).

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