The sale of Ferrostaal Equipment Solutions’ export financing and transportation activities and Ferrostaal Metals’ steel trading activities is part of the MPC strategy to focus on its core segments: asset and investment management, shipping, and project development. The transaction presents a strategic win-win situation for the two traditional trading companies.
The trading company Jebsen & Jessen is part of the globally operating, Asian based Jebsen & Jessen Family Group. Together with its sister companies Jebsen & Co. (Hong Kong), Jebsen & Jessen Pte. Ltd. (Singapore) and GMA Garnet Group (Australia), Jebsen & Jessen employs around 7,100 people worldwide. Jebsen & Jessen has three main business segments: Chemicals, Textile and Garnet Sand, and the company operates in more than 80 countries via own sites or through exclusive business partnerships. With the acquisition, Jebsen & Jessen will continue to expand its worldwide presence and continue to deliver best-in-class services to new and existing customers.
Ferrostaal Equipment Solutions’ disposed activities provide export credit agency (ECA) financing services (export financing) and tailor-made concepts in railway technology (transportation). Ferrostaal Metals’ steel trading activities comprise of steel product trading and associated services to longstanding customers in the global construction industry.
Dr John Benjamin Schroeder, Managing Director of Ferrostaal Trading, said: “Throughout the transaction process, MCF has been a trusted partner to us and has provided us with valuable support. We are very pleased and proud to announce the strategic disposal during these unprecedent times.”
About Ferrostaal Trading
Ferrostaal Trading, a majority owned subsidiary of MPC Münchmeyer Petersen GmbH & Co., is a group of independent sales and service companies in Germany and abroad, with a broad technical and commercial offering aimed at customers in the fields of machinery and metal trade.