Putzmeister sold Esser Twin Pipes to private investors

We advised Putzmeister

HSCie Customer

Putzmeister Holding GmbH, Aichtal
Putzmeister develops, produces, sells and serves its customers worldwide with technically high-quality and service-oriented machines in the following areas: Placing of concrete, Truck-mounted concrete pumps, Stationary concrete pumps, Stationary placing booms and accessories, industrial technology, pipe delivery of industrial solids, concrete placement and removal of excavated material in tunnels and underground, Robot and materials handling technology, Mortar machines, Plastering machines, Screed conveying, Injection and special applications.
www.putzmeister.de

Transaction Object

Esser Werke GmbH & Co. KG, Warstein
Since 1949, Esser Werke has specialized in the manufacture of highly wear-resistant conveying pipes and pipe special fittings. We supply companies such as concrete pump manufacturers and operators, mining industry operations, gravel and sand works, chemical industry, glassworks, plant engineering, and a lot more sectors where the conveyance of abrasive media requires highly wear-resistant line components. Esser has pioneered twin layer technology for wear-resistant pipes and is considered one of only a few world -leading suppliers.
www.esser-werke.com

Buyer

Private Investor

Transaction/Task

Putzmeister sold Esser to a private investor as part of its refocusing strategy. Esser will continue to be one of Putzmeister’s preferred suppliers. Hübner Schlösser & Cie advised Putzmeister. HSCie’s transaction advisory included the identification and approach of potential investors worldwide, target valuation, preparation of the due diligence process and electronic dataroom, process management and communication with potential buyers.

Year: 2011
Transaction value: Not published
Industry: Industrial products
Business field: Mergers & Acquisition

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