Dusseldorf-based Hoberg & Driesch Rohrengruppe, a leading European steel tube distributor with branches in ten countries, has reached an agreement to acquire part of Salzgitter Mannesmann Stahlhandel GmbH’s tube activities in Germany. The deal includes seamless thick-walled tubes and precision steel tubes.
This acquisition strengthens Hoberg & Driesch’s market position and expands its product portfolio. For Salzgitter Mannesmann Stahlhandel, the sale allows a stronger focus on core business areas.
The integration of the acquired tube activities will take place gradually in the coming weeks. Customers and partners will benefit from a broader product range, increased capacity, and the combined expertise of both companies in the steel tube market, Hoberg & Driesch Rohrengruppe said in a statement.