French global industrial engineering group Fives has acquired certain activities of RDI-Met (Spain), a subsidiary of Fagor Arrasate, one of the largest players in the steel and aluminium processing and metal stamping industries.
According to Fives, the acquired activities and know-how include cold rolling mills and strip processing lines for the steel and aluminium industries. "They will complement Fives’ activities in the mechanical engineering and supply of processing lines with certain specific terminal equipment for strip processing lines, colour coating lines, and degreasing and pickling equipment," Fives explained.
The core of the RDI-Met team will be integrated into Fives’ steel subsidiary in Spain. which specialises in a wide range of heat treatment technologies for steel products, including the final treatment of coated coils.
Guillaume Mehlman, president of Fives' Steel & Glass Division commented: “The new acquisition will strengthen our engineering capabilities and expertise, broaden a range of solutions for steelmakers and increase our commercial presence in Europe and South America”.