Benteler Divests Distribution Business
By Metal Center News Staff
on Sep 3, 2019
Austria’s Benteler will divest its distribution division to Van Leeuwen Pipe and Tube Group. Benteler is opting to focus on its core automotive business.
Benteler Distribution is an international distribution partner for high-quality steel tubes and associated services with approximately 1,600 employees.
"It is part of our culture to consistently enhance our performance and improve our portfolio and business processes. This enables us to develop and produce tailored solutions for our customers and to be successful in an intensely competitive environment. The Van Leeuwen Pipe and Tube Group is an ideal partner for this transaction and perfectly equipped to take over Benteler’s profitable distribution business,” said Ralf Göttel, CEO of Benteler Group.
The sale is expected to be completed by the end of 2019.