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Company News, 2005-09-23, 01:01 PM

Further progress in reorganization of construction elements business

ThyssenKrupp Steel is to sell Oberhausen/Germany-based Hoesch Contecna Systembau GmbH under a best-owner solution. The company, a subsidiary of ThyssenKrupp Hoesch Bausysteme GmbH, is involved in the design and installation of steel roof and wall cladding elements. It has 57 employees and sales of around Euro 40 million.

An agreement to sell Hoesch Contecna Systembau was signed on September 20, 2005 with Franzen Holding GmbH & Co. KG, a medium-sized company group based in Kottenheim in Germany's Rhineland-Palatinate region. Franzen operates in the construction sector and specializes in the realization of turnkey industrial and commercial building projects. It has 200 employees and annual sales of Euro 70 million.

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