Turkish steelmaker Akçelik Demir Çelik Sanayi ve Ticaret Limited has announced that it has sold off all its shares in its Romanian subsidiary Tristar Steel S.R.L. to Germany-based Exxellin GmbH, making the latter the majority stakeholder.
The acquisition will strengthen Tristar Steel’s position as the global leader in high-precision steel bar production and increase its production capacities. Tristar Steel produces precision chrome bars with diameters of 5-63 mm for gas springs, pneumatic cylinders, and linear shafts.
