Wickeder Westfalenstahl Sells WSC to voestalpine Precision Strip

Wickede (D), 4.11.2015 – Wickeder Westfalenstahl GmbH located in Wickede (Ruhr), is separating from their subsidiary Wickeder Steel Company (Pleasant Prairie), manufacturer of precision strip steel, in order to focus on their core business of clad material and bimetals. With the acquisition of Wickeder Steel Company, voestalpine Precision Strip GmbH, manufacturer of precision strip steel, is able to strengthen their competences in the US. 

Effective 2nd November 2015, Wickeder Steel Company passed into the new ownership of voestalpine Precision Strip GmbH, part of the listed technology and capital goods group voestalpine with about 500 Group companies and locations and approximately 47.500 employees worldwide. The company will be continued under the name “voestalpine Precision Strip WI, Inc“.

Wickeder Steel Company (WSC) with headquarter in Pleasant Prairie, USA, is producing precision strip steel for applications such as spring steels, hand tool steels, precision bandsaw strip steel or paper industry blades since August 2002. WSC was one of the few manufacturers of precision strip steel in the US that was supplied with cold rolled grades they could not purchase on the US market.

With the sale of Wickeder Steel Company we hive off a company that is economically strong and has established itself on the market. The strategic direction of the Wickeder Group, which includes the companies Wickeder Westfalenstahl GmbH, Auerhammer Metallwerk GmbH, Deutsche Nickel GmbH, micrometal GmbH and Engineered Materials Solution, is focused on specific market niches. With voestalpine Precision Strip GmbH we found a buyer that perfectly matches with the portfolio of WSC.