voestalpine Precision Strip GmbH, a company in the Metal Forming Division, has acquired the Wickeder Steel Company, based in Pleasant Prairie, Wisconsin (US). The enterprise is specialized in heat treating and hardening carbon steels for the manufacture of saws, hand tools, and flapper valves. This acquisition reinforces the voestalpine product portfolio of hardened special steel strip for sophisticated applications such as band saw blades for the food industry.
Both the companies have production sites in Sweden and Austria. The main goal of voestalpine is to continue existing production facilities, and to further strengthen the local site in Wisconsin. The acquisition is essentially to boost and complement the position of the voestalpine Precision Strip Group in a series of product segments, such as saws for the food industry.
The Metal Forming Division of the voestalpine AG constitutes the centre of competence for highly refined sections, tubes, and precision steel strip products as well as ready-to-install components made of pressed, stamped, and roll-formed parts in steel and in aluminium, with a focus on the automotive industry.