Alleima has signed an agreement to acquire Söderfors Steel Operations AB (Söderfors Steel). The acquisition will add capabilities in hot rolling of small diameter bars and profiles to expand the offering of advanced materials for the Medical and Aerospace segments.
The acquisition will provide Alleima with the capabilities to manufacture bars with a diameter less than 80 millimeters in high-performance materials as nickel base alloys and remelted stainless steel. By adding these capabilities, Alleima will be able to manufacture small diameter bars in-house, an important ability for the positioning and growth in medical as well as aerospace applications.
The production facility and head office of Söderfors Steel is located in Söderfors, Sweden, with approximately 50 employees. The transaction is expected to close during H1 2023.
