PRZOOM - /newswire/ -
Graz, Austria, 2014/11/18 - International technology Group ANDRITZ has acquired Herr-Voss Stamco, Inc., headquartered in Callery, Pennsylvania, and is thus enlarging its service and product offerings for North American customers in the metals sector - Herr-Voss.com / ANDRITZ.com. Reuters: ANDR.VI
ANDRITZ Herr-Voss Stamco has around 300 employees and generates annual sales of approximately 50 million euros. It was agreed not to disclose the purchase price.
ANDRITZ Herr-Voss Stamco generates a major portion of its sales with service business. In addition to a very comprehensive service portfolio, the company is one of the leading suppliers of coil and sheet metal processing solutions for both ferrous and non-ferrous applications worldwide. With over 100 years of history in the metals processing industry, ANDRITZ Herr-Voss Stamco has around 1,600 customer references inside and outside North America. Many of these customers operate in the currently highly active North American automotive and oil/gas industries.
About The ANDRITZ GROUP
The ANDRITZ GROUP (andritz.com) is a globally leading supplier of plants, equipment, and services for hydropower stations, the pulp and paper industry, the metalworking and steel industries, and solid/liquid separation in the municipal and industrial sectors. The publicly listed, international technology Group is headquartered in Graz, Austria, and has a staff of around 24,500 employees. ANDRITZ operates over 250 production sites as well as service and sales companies all around the world. The ANDRITZ GROUP ranks among the global market leaders in all four of its business areas. One of the Group’s overall strategic goals is to strengthen and extend this position. At the same time, the company aims to secure the continuation of profitable growth in the long term.
About ANDRITZ METALS
The business area is one of the leading global suppliers of complete lines for the production and processing of stainless steel, carbon steel, and non-ferrous metal strip. These lines consist of equipment for cold rolling, heat treatment, surface finishing, strip coating and finishing, punching and deep drawing, and for the regeneration of pickling acids. In addition, the business area supplies turnkey furnace systems for the steel, copper, and aluminum industries, as well as laser and resistance welding equipment for the metalworking industry.
The Schuler Group, Germany, fully consolidated as from March 1, 2013, is also part of the business area. As global market and technology leader in metal forming, Schuler supplies machines, production lines, dies, process know-how, and services for the entire metalworking industry. Its customers include car manufacturers and their suppliers, as well as companies in the forging, household equipment, packaging, energy, and electrical industries. Schuler is also the market leader in coin minting technology and offers system solutions for the aerospace and railway industries.