Alleima Completes The Acquisition Of Production Facility

Alleima has completed the previously announced acquisition of the Swedish company Söderfors Steel Operations AB (“Söderfors Steel”). The acquisition will add capabilities in hot rolling of small diameter bars and profiles to expand the offering of advanced materials for the Medical and Aerospace segments. The company will be reported within the Tube division of Alleima.

In 2022 Söderfors Steel had revenues of approximately SEK 145 million and an EBIT margin neutral to the Tube division. Impact on earnings per share will be accretive from the start.

Courtesy of Alleima.

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Shopia Ketheeswararajah is a feature editor contributing to Pump Engineer, Stainless steel World Americas, Hose and Coupling World, and other related print & online media.