Hilco Global sells a heavy plate mill in Germany to an Asian steel producer

16 September 2022

Amsterdam-based Hilco Industrial Acquisitions, BV , an operating company of US-based Hilco Global , today announced the sale of all assets of ThyssenKrupp's heavy plate rolling plant , located in Duisburg-Hüttenheim (Germany), to an Asian steel producer. The sale comes just six months after Hilco Industrial Acquisitions, BV acquired the heavy plate plant from Thyssen Krupp Steel Europe .

Europe's second largest steel producer, ThyssenKrupp, closed the German facility in September 2021. During its operation, the heavy plate rolling facility produced approximately 850,000 metric tons of steel that was used for shipbuilding, offshore and heavy manufacturing. In addition to the large hot rolling mill, other items for sale included state-of-the-art furnaces, hot and cold graders, hot and cold shears, temperers, in-line ultrasonic inspection, shot blasting/priming, and numerous flame cutting machines. and plasma.

More information about the assets and more details about the project available at hilcohia.com

Relocation work will begin after this summer and approximately 22,000 metric tons of machinery and equipment will be removed from its Duisburg-Hüttenheim, Germany location to Asia .

Robert Bouland , Managing Partner of Hilco Industrial Acquisitions, BV, stated: "We knew the acquisition represented a rare opportunity for buyers looking to acquire high quality, late model machinery used in a combined roughing and finishing mill." Bouland added: "We are pleased to have had such a strong interest in the mill, which has enabled us to close the sale of ThyssenKrupp in just six months."

Hilco Industrial Acquisitions, BV continues to expand its acquisition portfolio in the field of rolling equipment. This sale is the second heavy plate mill that the company has sold in the last two years. Hilco Industrial Acquisition recently sold Korea's 2m t/y Dongkuk Steel heavy plate mill in February 2021, as well as the 2015 Danieli bar mill at Posco SS Vina in Vietnam in September 2021. Recently, Compañía Siderúrgica Huachipato SA (CAP ACERO) of Chile has contracted with the company to sell steel and rolling equipment that is no longer needed in CAP ACERO's ongoing operations.

Combining our valuation, advisory and monetization practices to create high-end capital solutions for its clients, Hilco Global's commercial industry platform provides creative and tailored solutions to suit every situation.

About Hilco Industrial Acquisitions, BV:  Hilco Industrial Acquisitions, BV ( www.hilcohia.com ) is headquartered in Amsterdam, the Netherlands and provides industrial asset acquisition and disposal services, specializing in machinery, equipment and inventory auctions and negotiated sales. It sells the wide range of industrial assets found in manufacturing, wholesale and distribution companies. The company buys and sells assets through on-site, online and combined webcast auction events, as well as negotiated sales (by private agreement). In addition to providing services on a fee or commission basis, Hilco Industrial Acquisitions, BV puts capital at risk and often purchases assets or provides collateral.

Hilco Industrial Acquisitions, BV is part of Hilco Global, headquartered in Northbrook, Illinois ( www.hilcoglobal.com ), the world's leading authority on maximizing the value of business assets by providing valuation, monetization, advisory and capital to an international market. Hilco Global operates more than twenty specialized business units offering services including asset valuation and appraisal, commercial and industrial inventory acquisition and disposition, real estate repositioning and renegotiation, strategic advice, operational consulting and strategic capital solutions.