Throughout the entire divestment process, the five shareholders involved were supported through close consultation with the responsible Advisers. In addition, communication between the many parties involved and achieving a satisfactory outcome was a challenge for all. Despite this complexity, the advisors managed to initiate the process quickly, so that it was possible to approach potential buyers as early as February, one month after the start of preparations. In May of the same year, the first prospective buyers were already found. In total, there were three promising offers and the shareholders promptly decided on a suitable strategic investor: Metall-Chemie Holding GmbH. Due to a number of circumstances, including seasonal events such as summer holidays, a complex data room and the complicated arrangement with numerous parties, the sales process took somewhat longer than initially expected. In total, the project period covered 11.5 months.

After the signing and closing on 20.12.2021, all participations were successfully sold. Most of the shareholders are now taking well-deserved retirement. One of the shareholders will take on the role of managing director and will probably remain in the company for a year after the sale and act in a supporting capacity. The company will be incorporated into a group of companies and will continue to operate independently as before. Synergies with other companies in the holding are also planned. Since the steel processing industry is suffering greatly from the conditions of the existing Corona pandemic and the associated material procurement and order bottlenecks, as well as from the high material costs, the sale price was somewhat lower than expected a few years earlier, but nevertheless satisfactory. The parties involved are relieved to have been able to close the deal successfully with a good result and a suitable buyer.