International Steel Mills
Hilco Acquires, Lists ThyssenKrupp Heavy Plate Rolling Mill
Written by David Schollaert
March 22, 2022
Northbrook, Ill.-based Hilco Global’s subsidiary, Hilco Industrial Acquisitions, B.V, acquired for resale all assets of ThyssenKrupp’s heavy plate rolling mill located in Duisburg-Hüttenheim, Germany.
Prior to its shuttering last September, ThyssenKrupp’s rolling mill produced roughly 850,000 metric tons of heavy plate steel, the company said.
Besides the rolling mill, the Amsterdam-based asset management and financial services provider said the sale includes late-model furnaces, quenches, and priming and plasma cutting machines. Assets are listed for sale on hilcobid.com.
“This sale represents an outstanding opportunity for buyers seeking to purchase high-quality, late model machinery used in a combined roughing and finishing mill,” Hilco manaing partner Robert Bouland said. “We… will entertain offers in acquiring the entire facility or for individual assets.”
The deal is not Hilco’s first on the plate side. It also bought and sold South Korean steelmaker Dongkuk Steel’s heavy plate mill with annual capacity two million metric tons. The company is in addition engaged to sell steel and rolling mill equipment no longer needed from Chile-based Compania Siderurgica Huachipato S.A.’s continuing operations.
Hilco Industrial Acquisitions, B.V provides industrial asset acquisition and disposition services for manufacturing, wholesale, and distribution companies. Auctions and negotiated sales are conducted through on-site, online, and private treaty sales.
By David Schollaert, David@SteelMarketUpdate.com
David Schollaert
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