• Doerrenberg takes over around 9,000 tonnes of tool steel and special qualities
• Partnership with DEW expanded
• Short-term increase in working capital
Our wholly owned subsidiary Dörrenberg Edelstahl GmbH yesterday concluded an agreement to acquire the tool steel stock of Deutsche Edelstahlwerke (DEW), based in Witten, Germany. This transaction, which involves an investment volume of more than 20 million euros, is a further step in Doerrenberg's strategic orientation towards becoming a focussed tool steel distributor.
With the acquisition of around 9,000 tonnes of tool steel and special qualities, Doerrenberg is not only positioning itself as a distribution partner of
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