Austrian steelmaker voestalpine AG has announced that voestalpine Precision Strip GmbH, a company in its metal forming division, has acquired the Wickeder Steel Company based in Pleasant Prairie, Wisconsin, US. The enterprise has a staff of 50 employees and generated revenue of around €13 million in 2014. This acquisition strengthens the voestalpine product portfolio of hardened special steel strip for sophisticated applications such as band saw blades for the food industry. The Wickeder Steel Company has renamed as voestalpine Precision Strip WI, Inc.
“The Wickeder Steel Company product and technology portfolio is a perfect match for our US growth strategy and our core competencies. After opening the new automotive components plant in Shenyang, China, last week, this is a further step in our internationalization strategy,” stated Peter Schwab, head of the metal forming division.