Germany-based recycled-content specialty alloys maker GMH Gruppe has acquired 100 percent of the shares of Kind & Co. Edelstahlwerk GmbH & Co. KG, a producer of tool steels based in Wiehl, Germany.
Kind & Co. specializes in the production and refinement of high-alloy steels and offers a range of tool steels and special alloys.
In 2023, Kind & Co. generated sales of about 125 million euros, according to GMH Gruppe, which says of the firm, “Its integration will strengthen GMH Gruppe’s position in the tool steel industry, particularly in the segment of hot-work tool steels, in which Kind & Co. holds an outstanding international position.”
A purchase agreement was signed in August and the transaction was completed Sept. 30.
“We are looking forward to the integration of Kind & Co. into GMH Gruppe,” says Alexander Becker, CEO of GMH Gruppe. “This partnership fits our strategic goals and increases the added value for our customers. Kind & Co.’s products optimally complement our existing range and expand our ability to serve the market in a targeted manner.”
Kind & Co. Managing Director Susanne Wildner adds, “Since its foundation in 1888, Kind & Co. has been family-owned, with the fourth generation in control since 2000. I am, therefore, particularly pleased that we have found a new owner in GMH Gruppe, which is also 100 percent privately owned.
