Sturdell Industries is active on the North American market primarily in mechanical processing of mold steel (customer-specific pre-processing steps such as sawing, milling, grinding, and drilling) and has distinguished itself through its high level of service orientation. Both sites of the acquired company are in the vicinity of existing sales offices of the Special Steel Division, which will enable both companies to leverage synergies in the marketplace and optimize capacity utilization and cost structure.
In addition to this acquisition, a substantial investment project is currently being implemented at existing Canadian locations; it entails an expansion of facilities for heat treatment and surface refinement. The new facilities will start up operations in the near future. The Special Steel Division of the voestalpine Group already operates 25 sites in North America and, with approximately 470 employees, generated revenue in the past business year of around EUR 183 million in North America.