Mutares sells Buderus Edelstahl units to GMH Gruppe

Mutares SE & Co. KGaA, a private equity holding company, announced its portfolio company Buderus Edelstahl has signed an agreement to sell two business units – hot rolling and mechanical processing (including heat treatment) – to GMH Gruppe. The transaction is expected to close in the fourth quarter of 2025. Mutares acquired Buderus Edelstahl, a manufacturer of high-quality special steels with annual revenues of approximately €360m, in February 2025 as a carve-out from voestalpine AG.

This divestment marks a further step in the transformation of Buderus Edelstahl, following initial restructuring measures implemented since the acquisition. The sale aims to strengthen GMH Gruppe's portfolio in the special steels sector and secure approximately 670 jobs at the Wetzlar site.

Due to challenging market conditions, Buderus Edelstahl's drop forging division will also be sold to FerrAl United Group, a 100% subsidiary of Mutares, with operations ceasing in Q4 2025. Johannes Laumann, CIO of Mutares, believes GMH Gruppe is an ideal partner for the sustainable development of Buderus Edelstahl.