Dillinger sharpens focus on core business

Sale of shares in BERG EUROPIPE Corp. in the USA

EUROPIPE GmbH, a joint venture of Aktien-Gesellschaft der Dillinger Hüttenwerke (Dillinger) and Salzgitter Mannesmann AG, is selling its shares in the North American company BERG EUROPIPE Holding Corp. to Borusan Mannesmann. Dillinger is concentrating more on its strategic core markets.

The buyer of BERG EUROPIPE is the listed Turkish pipe manufacturer Borusan Mannesmann. Dillinger holds a 50 percent stake in EUROPIPE. The parties involved have agreed to keep the sale price confidential.

“Dillinger is continuing to focus on its strategic core: the production of very heavy plate for the promising future market of offshore wind. Dillinger is already part of the energy transition and will continue to expand in this segment. The sale of the shares in BERG EUROPIPE is the logical consequence of this strategy,” said Jonathan Weber, Chief Transformation Officer at Dillinger and Managing Director of the parent holding company SHS – Stahl-Holding-Saar.

The operating companies of the EUROPIPE Group in the United States are consolidated under the holding company BERG EUROPIPE Holding Corp. BERG Pipe Panama City Corp. in Panama City, Florida, primarily supplies the North American market with longitudinally welded pipe, while BERG Pipe Mobile Corp. in Mobile, Alabama, supplies spiral seam-welded pipe. Both plants have facilities to coat the pipe. Around 269 people are employed in the United States.