Hilco Industrial Acquisitions (B.V.), headquartered in Amsterdam, is an operating company of Hilco Global (headquartered in the United States). The company today announced the sale of all assets of the ThyssenKrupp heavy plate mill facility in Duisburg-Huttenheim, Germany, to an Asian steel producer. The sale comes just six months after Hilco Industries first acquired Thyssen Krupp Steel Europe’s heavy plate mill facility.

Hilco Global sells German plate mills to Asian steelmakers

ThyssenKrupp, Europe’s second largest steel producer, closed its German facility in September 2021. The plate mill facility produced approximately 850,000 metric tons of steel during operation for shipbuilding, offshore and heavy manufacturing construction production. In addition to large hot mills, other equipment for sale includes new furnaces, hot/cold levelers, hot/cold straighteners, quenchers, ultrasonic in-line inspectors, shot peening/priming equipment, and many flame and plasma cutters.

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The relocation will begin after this summer, and approximately 22,000 metric tons of machinery and equipment will be moved from its original site in Duisburg-Huttenheim, Germany, to Asia.

Robert Bouland, Managing Partner of Hilco Industries, said: “We know that this sale presents an excellent opportunity for buyers looking to purchase new, high quality machinery for combined grinding mills.” Bouland added: “We are very pleased that there has been such strong interest in the mill facility, allowing us to complete the sale of ThyssenKrupp in just six months.”

Hilco Industries will continue to expand its acquisition portfolio in the rolling mill equipment sector. This is the second plate mill facility the company has sold in the past two years. Recently, Silco Industries sold its Dongkuk Steel heavy plate mill with an annual capacity of 2 million tons in South Korea in February 2021, and its 2015 Danieli Steel mill at Posco SS Vina in Vietnam in September 2021. Recently, CAP ACERO, a Chilean ferrous metallurgy company, has hired Hilco Industries to sell steel and rolling mill equipment that CAP ACERO no longer needs as a going concern.

Enabling record-breaking solutions such as the ThyssenKrupp project is Hilco’s strong global commercial industrial platform, which brings together our valuation, advisory and monetization practices to create a higher level of capital solutions for clients, providing innovative and customized solutions for every situation.