statement<\/a> noted\u00a0customers\u00a0are\u00a0focusing\u00a0on\u00a0localization and nearshoring\u00a0strategies.\u00a0\u00a0<\/p>\n\u201cThe acquisition of\u00a0Aceroteca\u00a0Trading is an important strategic step for\u00a0Thyssenkrupp\u00a0Materials Services.\u00a0It strengthens our\u00a0coil\u00a0processing\u00a0group\u2019s presence in North America and allows us to further support customers as regional supply chains continue to evolve, saiid Heather\u00a0Wijdekop, CEO of the Processing\u00a0business unit. \u201cIt provides a strong platform in a key industrial and manufacturing region.\u201d<\/p>\n
The founder and chief executive\u00a0of\u00a0Aceroteca, H\u00e9ctor Morales, will\u00a0retain\u00a0a minority ownership stake\u00a0and continue to lead the company.\u00a0\u00a0<\/p>\n
\u201cAceroteca\u00a0was built on entrepreneurship, customer focus, and technical\u00a0expertise,\u201d said Morales. \u201cWith\u00a0Thyssenkrupp\u00a0as a strategic partner, we can expand our capabilities and deliver greater value to our customers while continuing to develop our team in Mexico.\u201d\u00a0<\/p>\n
Thyssenkrupp Materials Services\u00a0outlined improvements to its existing business model by\u00a0acquiring\u00a0a stake in\u00a0Aceroteca. <\/p>\n
Among the\u00a0advantages, it lists\u00a0proximity to\u00a0customers\u00a0and\u00a0shortened\u00a0lead times, optimization to parts of the\u00a0supply chain,\u00a0enablement of\u00a0localized processing, and\u00a0the addition of\u00a0substantial capacity to the region.\u00a0<\/p>\n
While the company intends to\u00a0focus on flat\u2011rolled carbon steel products to start, it noted strong potential for expansion into other product categories.\u00a0\u00a0<\/p>\n
Currently,\u00a0Aceroteca\u00a0primarily serves\u00a0the heating, cooling, and power transmission industries.\u00a0\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Thyssenkrupp Materials Services announced its majority\u00a0stake\u00a0acquisition of\u00a0Aceroteca\u00a0Trading, SAPI de CV\u00a0in Santa Catarina, Nuevo Le\u00f3n, Mexico.\u00a0\u00a0 The Essen, Germany-headquartered…\n","protected":false},"author":2,"featured_media":24991,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21243],"tags":[721,2041,26206,23981,21276,92],"class_list":["post-24990","post","type-post","status-publish","format-standard","has-post-thumbnail","category-thyssenkrupp","tag-eu","tag-mexico","tag-service-center","tag-steel","tag-thyssenkrupp","tag-us"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/24990","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/comments?post=24990"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/24990\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media\/24991"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media?parent=24990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/categories?post=24990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/tags?post=24990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}