Company Announcements
April 15, 2026
Thyssenkrupp Materials Services acquires Mexico-based service center
Written by Kristen DiLandro
Thyssenkrupp Materials Services announced its majority stake acquisition of Aceroteca Trading, SAPI de CV in Santa Catarina, Nuevo León, Mexico.
The Essen, Germany-headquartered steel company said adding Aceroteca’s flat-rolled carbon steel processing and service center to its portfolio allows it to support its North American customers’ needs. Specifically, the April 10 company statement noted customers are focusing on localization and nearshoring strategies.
“The acquisition of Aceroteca Trading is an important strategic step for Thyssenkrupp Materials Services. It strengthens our coil processing group’s presence in North America and allows us to further support customers as regional supply chains continue to evolve, saiid Heather Wijdekop, CEO of the Processing business unit. “It provides a strong platform in a key industrial and manufacturing region.”
The founder and chief executive of Aceroteca, Héctor Morales, will retain a minority ownership stake and continue to lead the company.
“Aceroteca was built on entrepreneurship, customer focus, and technical expertise,” said Morales. “With Thyssenkrupp as a strategic partner, we can expand our capabilities and deliver greater value to our customers while continuing to develop our team in Mexico.”
Thyssenkrupp Materials Services outlined improvements to its existing business model by acquiring a stake in Aceroteca.
Among the advantages, it lists proximity to customers and shortened lead times, optimization to parts of the supply chain, enablement of localized processing, and the addition of substantial capacity to the region.
While the company intends to focus on flat‑rolled carbon steel products to start, it noted strong potential for expansion into other product categories.
Currently, Aceroteca primarily serves the heating, cooling, and power transmission industries.
