BENTELER reinforces focus on automotive business and divests its distribution business
Salzburg, August 27th 2019. Today, after an in-depth analysis, BENTELER announced that it would increase its focus on its core, the automotive business, which accounts for approximately 80 percent of the Group’s turnover and to divest its BENTELER Distribution division to the Van Leeuwen Pipe and Tube Group. BENTELER Distribution is an international distribution partner for high-quality steel tubes and associated services with around 1,600 employees.
This decision has been taken in the light of rapidly changing markets. Digitalization, new technologies and changes in production methods in the automotive industry have provided BENTELER with new opportunities. This requires an active focus on the core business combined with substantial investments.
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 profitable distribution business.”
In the coming months, both companies will work to prepare a smooth transition. The sale is subject to the approval of the competition authorities and is expected to be completed by the end of 2019.