MPC Capital AG and Ferrostaal have Sold Ferrostaal Piping Supply to Van Leeuwen
Lincoln International is pleased to announce that it has advised Ferrostaal and its shareholder MPC Capital AG on the sale of the business unit Ferrostaal Piping Supply to the Netherlands-based competitor Van Leeuwen Pipe and Tube Group (“Van Leeuwen“). Both parties agreed not to disclose the purchase price.
Established in 1953, the renowned trading house Ferrostaal Piping Supply has established a broad customer base across end-markets including chemicals, petrochemicals, equipment and machine building as well as trade segments. Headquartered in Essen, Germany, the Company’s particular geographical focus is on the German market and the Benelux region, complemented by exports to many regions worldwide. Ferrostaal Piping Supply generates annual revenues of more than Euro 50 million.
Van Leeuwen is a globally operating trading company that specializes in steel pipes, as well as pipe and tube applications, covering nearly all industrial sectors worldwide through its global offices. The integration of Ferrostaal Piping Supply allows Van Leeuwen to expand its presence in the German market significantly, particularly in the chemical and petrochemical end-markets.
Lincoln International supported MPC Capital and Ferrostaal as the exclusive M&A advisor in the structuring of a globally oriented sale process, building on a successful relationship. In 2016, Lincoln International had advised MPC Capital AG and Ferrostaal on the sale of the Ferrostaal Automotive business to Rhenus Group.
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