Skip to content

Clairfield advised Norsk Hydro on the sale of Hydro Precision Tubing Lichtervelde, formerly known as Remi Claeys Aluminium

Clairfield International is pleased to have acted as exclusive advisor to listed company Norsk Hydro (NHY.OL) on the sale of the Belgian Precision Tubing Lichtervelde to the German Aurelius Group.

Precision Tubing Lichtervelde (PTL), founded in 1949 and located in Lichtervelde (Belgium), is a specialized manufacturer of welded tubes for a variety of markets such as gardening, scaffolding and HVAC. The plant houses a cast house, a cold rolling mill, and four tube lines, and employs approximately 185 people. The company, formerly known as Remi Claeys Aluminium, was acquired by the Sapa Group in 2003 and became part of the listed Norsk Hydro in 2017. PTL supplies customers in more than 30 countries globally with main markets in Germany, France, Poland and United Kingdom. Tubes produced in Lichtervelde have a very low carbon footprint as recycled aluminium is used almost exclusively in the production process. The company has a long-standing reputation for superior quality and excellent service delivery, which is evidenced by 99% on-time deliveries and 15 years average client tenure. The global outlook for aluminium product demand is positive and the company is ideally positioned to benefit from the increase of automated production at its customers as well.

With this acquisition, Aurelius Group (ETR:AR4), a listed pan-European investment company based in Munich, plans to re-introduce the “Remi Claeys Aluminium” brand and expand the business under this historical banner.

“We are proud of the progress of the welded tubes operation since the integration in Sapa and subsequent full Hydro ownership. The business has been particularly resilient through last year’s crisis, continuing to grow and deliver world-class products to both existing and new customers. After careful review we have come to the conclusion that the welded tubes business is better suited to reach its full potential under new ownership. Aurelius with its dedication and focus on welded tubes is well-equipped to further grow the business,” says Bruno D’hondt, senior vice president of Hydro Extrusions Europe.

Clairfield International acted as the financial advisor to Norsk Hydro Group.

Industrials

Drapeau Belgium Drapeau Germany

Sale

Advisor to the sell side

Services :

Mergers & acquisitions

Sectors :

Industrials

Countries involved :

Belgium
Germany

Similar transactions

BH S.r.l., the holding company of the Bertolotti family that heads the IVAR Group, acquired 40% of IVAR S.p.A., a company already controlled by BH and one of the leading players in the design and manufacturing of highly energy-efficient heating and plumbing systems.

Industrials

Drapeau Belgium Drapeau Italy

Acquisition

Advisor to the buy side

Christof Electrics GmbH & Co KG, a provider of electric, measurement, control, and regulation technology as well as automation, was sold to SPIE Deutschland & Zentraleuropa, the European leader in energy and communication services.
Read more

Industrials

Drapeau Austria Drapeau Germany

Sale

Advisor to the sell side

Holonite, a leading provider of composite building elements in the Netherlands, owned by Bolster Investment Partners, was sold to BUVA.

Industrials

Drapeau Netherlands

Sale

Advisor to the sell side

CMR Group, a provider of control and measurement solutions for the energy sector, acquired the French company Procaly, a provider of wiring and cabling solutions for harsh environments.

Industrials

Drapeau France

Acquisition

Advisor to the buy side

Coxons Group Australia, a company that provides service and maintenance of cooling-system components, acquired its leading competitor MRC Australia.

Industrials

Drapeau Australia

Acquisition

Advisor to the buy side

Högfors Oy, a Finnish manufacturer of butterfly valves, sold all outstanding shares to ARI-Armaturen Group, a German industrial company.

Read more

Industrials

Drapeau Finland Drapeau Germany

Sale

Advisor to the sell side

JOST Werke AG, the global market leader in safety critical solutions for commercial vehicles, acquired Ålö AB, one of the world’s leading suppliers for the agricultural machinery industry, from Altor Fund III.

Read more

Industrials

Drapeau Germany Drapeau Sweden

Acquisition

Advisor to the buy side

The owners of Jouka Oy, a Finnish ball-valve manufacturer, sold all shares in the company to Indutrade Oy 

Industrials

Drapeau Finland

Acquisition

Advisor to the buy side

Krenek Forest Service, an exclusive distributor of Ponsse forest machines in the Czech Republic was sold to Ponsse, the Finnish forest machines producer, who is also a main business partner of the company.

Industrials

Drapeau Czech Republic Drapeau Finland

Sale

Advisor to the sell side

LKE Group, one of the most important German suppliers of handling and logistic products and systems, acquired a majority stake in Someg S.A. and a part of the Transcarpatica S.A. business located in Gherla, Romania.

Industrials

Drapeau Austria Drapeau Germany Drapeau Romania

Acquisition

Advisor to the buy side

Martel Group, a French family‐owned company specialized in public works, raised capital with Garibaldi Participations, Rhône‐Alpes PME and Carvest.

Industrials

Drapeau France

Capital raise

Advisor to Martel Group

Precision Motors Deutsche Minebea GmbH, the European subsidiary of  Japanese Minebea Mitsumi Co., Inc., acquired the company Mast Kunststoffe GmbH & Co.KG, subject to the approval of the anti‐trust authorities.

Read more

Industrials

Drapeau Germany Drapeau Japan

Acquisition

Advisor to the buy side

Mipac, a leading global provider of control systems engineering, automation and technology services, was sold to GR Engineering, a process engineering consulting and contracting company.

Industrials

Drapeau Australia

Sale

Advisor to the sell side

Flèche vers la gauche
Flèche vers la droite