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

David Schollaert is a senior analyst for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. Based in CRU’s Pittsburgh office, David can be reached at david@steelmarketupdate.com or 724-720-1008.

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