Long-term solution achieved for key components of Buderus stainless steel

Mutares SE & Co. KGaA, a private equity investor specializing in special situations, acquired the long-established, globally active manufacturer of special steels from the voestalpine Group at the beginning of 2025. Buderus Edelstahl had come under pressure in recent years due to declining demand from the automotive industry and increasing international competition.

Over the past few months, the high-performing Mutares portfolio team led by Zeljko Vuksanovic, who also took over the management of Buderus Edelstahl following the acquisition by Mutares, has succeeded in Buderus Edelstahl's operations and thus lay the foundation for the long-term future of Buderus Edelstahl's key business areas and the continued existence of the Wetzlar site.

Scheduled for November 1, 2025, the renowned industrial companies Georgsmarienhütte Group and FerrAI United Group will take over the heat treatment and hot rolling mill and drop forging divisions, which are important for Germany as a business location and for Europe's defense capabilities, as well as related service functions, with a total of around 700 employees, in two independent M&A transactions and continue them as independent companies at the Wetzlar site. 700 employees, and continue to operate them as independent companies at the Wetzlar site. Unfortunately, this good news is also accompanied by a significant reduction in personnel, which can be carried out in a highly socially responsible manner thanks to the commitment of Mutares.

The act legal team is providing Mutares and Buderus with comprehensive advice on all issues related to the long-term solution for Buderus Edelstahl.