Mutares has signed an agreement to sell two business units of its portfolio company Buderus Edelstahl to GMH Gruppe, with completion expected in the fourth quarter of 2025. 

The deal covers the hot rolling mill and mechanical processing including heat treatment operations.

Mutares acquired Buderus Edelstahl from voestalpine in February 2025 in a carve-out valued at around €360m in annual revenues. Since then, the firm has undertaken restructuring measures to optimise operations and stabilise the business.

The sale will enable GMH Gruppe to expand its position in the special steels sector, while securing approximately 670 jobs at Buderus’ Wetzlar site.

Johannes Laumann, CIO of Mutares, said: “Since the acquisition of Buderus Edelstahl in February 2025, our team on site has successfully implemented initial restructuring measures in a very short time, paving the way for this partial sale of Buderus Edelstahl. With GMH Gruppe, I believe we have found the ideal partner to continue developing the company in a sustainable manner.”

Mutares also announced plans to divest Buderus’ drop forging division to FerrAl United, its wholly owned subsidiary, while the company’s remaining division will cease operations in late 2025 amid ongoing pressures in the steel industry.

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