KPMG Corporate Finance LLC acted as exclusive financial advisor to Greer Steel Company
KPMG Corporate Finance LLC is pleased to announce the sale of Greer Steel Company (“Greer Steel” or the “Company”), a leading provider of cold rolled strip steel, to Mutares SE & Co. KGaA (“Mutares”).
Founded in 1917 and headquartered in Dover, Ohio, Greer Steel processes cold rolled strip steel products including low carbon, high carbon & alloy, and high strength low alloy (HSLA). The Company provides strip steel for several applications including automobiles, appliances, hardware, hand tools, motorcycle parts, metal stampings, and service centers. Its broad capabilities include cold rolling, hydrogen annealing, pickling, slitting, shearing, wire flattening, traverse winding, edge profiling / skiving, and finishing. Greer Steel was a wholly owned subsidiary of Greer Industries, Inc.
“This acquisition is a strategic milestone for Mutares, strengthening our Engineering & Technology segment and expanding our presence in North America. Greer Steel’s technical capabilities and strong customer relationships make it an ideal platform for further growth.” – Johannes Laumann, CIO of Mutares
Greer Industries, Inc. is a private holding company with businesses involved in the production of limestone aggregate, asphalt, lime and other products. It is West Virginia’s largest producer of limestone products, and also the state’s premier asphalt producer. Greer Industries, Inc. was founded in 1914 and is based in Morgantown, West Virginia.
About Mutares SE & Co. KGaA
Mutares is an international private equity investor headquartered in Munich, Germany, specializing in the acquisition of non-core divisions of large corporations (carve-outs) and companies in transitional phases. The firm targets businesses with strong brands and established business models that offer significant operational improvement potential. Mutares operates across multiple industries including automotive, engineering, technology, and logistics. It currently manages a diverse portfolio of businesses and continues to expand through targeted acquisitions.
The global Corporate Finance practice of KPMG International’s network of independent member firms was ranked #1 as the top M&A middle-market adviser globally by Refinitiv, based on number of completed transactions, for the past 20 years.