Hammerschmiede Hans van Triel GmbH & Co. KG har förvärvats av ett dotterbolag till UK-baserade International Piping Products (Europe) Ltd.

  • nov 2015
  • Industri
  • Speciella situationer
  • Säljrådgivning
  • Tyskland
  • Storbritannien
  • Cross-Border Europa

Livingstone Düsseldorf’s Special Situations team has advised administrator Dr. Marc d’Avoine on the sale of major assets of Hammerschmiede Hans van Triel GmbH & Co. KG to IPP van Triel GmbH, a subsidiary of International Piping Products (Europe) Ltd

Founded in 1951, van Triel manufacturers stainless steel flanges, rings, discs and special forged parts a wide range of sectors from oil and gas and chemistry to plant and marine technology.

The business has been acquired by IPP van Triel GmbH, a subsidiary of International Piping Prducts (Europe) Ltd,  which will continue to develop the business and exploring the synergies between the two companies.

IPP  is a leading manufacturer of specialist piping products for the Oil, Gas, Petrochemical and Nuclear industries with annual revenues of €63m.

“After filing for insolvency, is was imperative that an acquirer for the business was found within a very short timeframe – the transaction completed in 11 weeks.” commentedinsolvency administrator Dr. Marc d’Avoine from ATN – d’Avoine Teubler Neu, Wuppertal.

Jared Ayres, CEO of IPP Group, said, “This acquisition further cements our place as the leading package supplier to the global energy industry. I am delighted that this makes IPP Group the leading Norsok certified mill in Europe, a distinct advantage for our customers.

We are very pleased to have found a strong partner for van Triel, securing the long-term development of the business, and employment for the majority of the workforce.” concluded Daniel Hohler, Associate Director at Livingstone Düsseldorf.

Dela sidan

Håll dig uppdaterad Missa inga affärer eller analyser