Closing completed: Divestment of BENTELER Distribution to the Van Leeuwen Pipe and Tube Group completed after approval by the competition authorities
Salzburg, November 29, 2019. After an in-depth analysis, BENTELER announced on August 27, 2019, that it would increase its focus on its automotive business. In this context, the BENTELER Distribution Division was sold to the Van Leeuwen Pipe and Tube Group. Following approval by the competition authorities, the divestment was completed on November 29, 2019. The Distribution Division is now part of the Van Leeuwen Pipe and Tube Group.
Ralf Göttel, CEO of BENTELER Group, says: „It is part of our culture to consistently enhance our performance and improve our portfolio and business processes. This enables us to develop and produce tailored solutions for our customers and to be successful in an intensely competitive environment. The Van Leeuwen Pipe and Tube Group is an ideal partner for this transaction and perfectly equipped to take over BENTELER’s distribution business.”
The divestment of the BENTELER Distribution Division took place against the background of the company's increased focus on the automotive business. As a leading global partner in the automotive industry, BENTELER offers first class engineering as well as metal forming and processing capabilities. Customers benefit from this comprehensive vehicle know-how along the entire value chain, from development and production through to assembly. Core technological capabilities include tube manufacturing, forming, joining, extrusion, assembly and logistics. BENTELER products can be found in almost every car worldwide. The portfolio ranges from tubes for airbags and axles, for example, as well as components and modules for chassis, body-in-white and engine and exhaust applications, to modular future technologies, such as electromobility system solutions.
“Especially today, it is important to us to thank our colleagues in the Distribution Division who have committed themselves and have successfully worked towards developing BENTELER, making us what we are today: a family-run global company which, together with our partners, develops and produces tailored solutions for our customers,” concludes Ralf Göttel.