Zapp group

Zapp Group acquires Sandvik’s Stainless Wire business

Announcement

The Zapp-Group, with the main German production site in Schwerte-Ergste, has acquired Sandvik’s Stainless Wire Business.

The deal includes the production site in Sandviken, along with the global sales organization; in total 145 employees, whereof the majority in Sandviken. Sandvik Stainless Wire is a leading global producer of stainless steel wire products for advanced niche applications with focus on the medical, automotive, watch and energy industry. Sandvik Stainless Wire generates annual sales of 30 Mio. €.  

The Zapp Group is a leading producer and supplier of metallic materials for demanding applications and is centered in the cold-working and distribution of precision strip, wire, bar, profile and powder metal products with an emphasis on stainless, titanium, nickel and other special alloys. As a tradition based family owned company with a history of more than 300 years the Zapp-Group with 13 production and service-center sites in Europe, USA and Asia and 1.100 employees generates sales of 400 Mio.€ per year.

The acquisition of Sandvik Stainless Wire will significantly increase Zapp’s competence in wire manufacturing working and strengthens Zapp’s product- and alloy portfolio for the medical, automotive, energy, watch and other market sectors.  

Zapp is very pleased to become a member of the Sandviken community and to have the opportunity to continue and advance the site’s long history of steel working.

“The addition of Sandvik Stainless Wire to Zapp expands our capacity and capability to supply the very best products to customers around the world”, says Dr. Sefan Seng, CEO of the Zapp Group. “The now three European wire production sites, Ergste, Pforzheim and Sandviken, and the two Zapp wire production sites in USA, Summerville and Houston, together with the integrated global sales organization will considerably strengthen Zapp’s market position and ability to provide market leading technical and sales support. At this point, I would like to welcome our new colleagues at our new production site in Sandviken and the global sales organization. The presence in our home markets Germany and neighboring Europe, but also in Asia and USA will enlarge considerably by this integration and with the combined consulting competence we will be even more closely to the customer.”

Ergste, June 19, 2018