Mutares Finalizes Acquisition of Greer Steel Co., Inc. in the USA

Mutares SE & Co. KGaA has completed its acquisition of Greer Steel Co., Inc. from Greer Industries, significantly enhancing its presence in North America. This strategic acquisition aims to strengthen Mutares’ Engineering & Technology segment. Greer Steel, based in Dover, Ohio, specializes in cold rolled strip steel for various applications, including automotive, providing high-quality customized solutions.

The acquisition supports Mutares' growth strategy in the North American market through cross-selling opportunities with automotive customers. Greer Steel boasts an impressive operational track record, technical expertise, and robust relationships with its customer base, which includes the automotive and hardware industries.

Johannes Laumann, CIO of Mutares, emphasized the strategic value of this acquisition in expanding their operational capabilities and benefiting from positive market conditions in the U.S. The transaction reflects Mutares’ commitment to enhancing its portfolio through targeted investments and operational improvements.