ArcelorMittal announces today the sale of its 48.1% stake in Paul Wurth
Group to SMS GmbH. This transaction is in line with the declared
ArcelorMittal’s strategy of selective divestment of non-core assets.
Paul Wurth Group is an international engineering company offering the
design and supply of the full-range of technological solutions for the
iron & steel industry and other metal sectors. In 2011, Paul Wurth Group
generated the turnover of EUR 491 million with a net profit of EUR 18.2
million. The company currently employs more than 1600 highly-skilled
The SMS group is, under the roof of SMS Holding GmbH, a group of
companies internationally active in the supply of plants and machinery
to the steel and nonferrous metals processing industry. In 2011, its
11,000 employees generated sales of over EUR 3 billion.
"SMS group is a natural buyer for our stake in Paul Wurth Group as both
entities hold a leadership position in the metallurgical equipment and
process market segment and offer a complementary product range for the
steel producing industry. The combination with SMS will generate new
business opportunities for Paul Wurth Group and will further strengthen
its technical capabilities and service offer for the benefit of its
world wide customer base ,” commented Michel Wurth, the Chairman of Paul
Wurth Group and member of ArcelorMittal Group Management Board.
The transaction is subject to customary closing conditions, including
but not limited to competition clearance, and is expected to be
completed by the end of the third quarter of 2012.
ArcelorMittal is the world's leading steel and mining company, with a
presence in more than 60 countries.
ArcelorMittal is the leader in all major global carbon steel markets,
including automotive, construction, household appliances and packaging,
with leading R&D and technology. The Group also has a world class mining
business with a global portfolio of over 20 mines in operation and
development, and is the world’s 4th largest iron ore producer. With
operations in over 22 countries spanning four continents, the Company
covers all of the key industrial markets, from emerging to mature, and
has outstanding distribution networks.
Through its core values of sustainability, quality and leadership,
ArcelorMittal commits to operating in a responsible way with respect to
the health, safety and well-being of its employees, contractors and the
communities in which it operates. It is also committed to the
sustainable management of the environment. It takes a leading role in
the industry's efforts to develop breakthrough steelmaking technologies
and is actively researching and developing steel-based technologies and
solutions that contribute to combat climate change. ArcelorMittal is a
member of the FTSE4Good Index and the Dow Jones Sustainability World
In 2011, ArcelorMittal had revenues of $94.0 billion and crude steel
production of 91.9 million tonnes, representing approximately 6 per cent
of world steel output. The Group's mining operations produced 54 million
tonnes of iron ore and 8 million tonnes of metallurgical coal.
ArcelorMittal is listed on the stock exchanges of New York (MT),
Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock
exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).
For more information about ArcelorMittal visit: www.arcelormittal.com