November 07, 2019

Lindsay Goldberg Announces Agreement to Sell VDM Metals to Acerinox, S.A.

New York, NY: November 7, 2019 – Lindsay Goldberg, a leading private investment firm focused on partnering with families, founders and management teams, today announced that affiliates of funds managed by the firm have signed an agreement to sell VDM Metals to Acerinox, S.A.

VDM is a global producer of nickel and nickel alloys, cobalt, zirconium, and special stainless steel, as well as semi-finished goods from aluminum and copper. All semi-finished goods are hot or cold formed, heat treated and descaled. Along with the conventional technology of open melting, VDM deploys vacuum induction melting (VIM) furnaces both in Germany and in the United States. This process enhances the homogeneity and purity of the materials through remelting in ESR (electro-slag remelt) plants and VAM (vacuum arc remelting) plants.

Lindsay Goldberg acquired VDM from ThyssenKrupp in July 2015. Under Lindsay Goldberg’s leadership, VDM invested in a new atomization line and a new strip annealing line, closed the loss-making titanium division, built up a new sales organization, increased research and development, raised productivity and forged ahead with international expansion.

Dr. Thomas Ludwig, Chairman of the Supervisory Board and Lindsay Goldberg Affiliate Partner, said, “Acerinox will enable VDM to take the next step in its development and move ahead with the process of internationalization as part of a strong group with a worldwide active presence in more than 80 countries. The dedicated management team and employees of VDM can be proud of their outstanding performance. Today VDM is the leading international producer of nickel-based high-performance materials.”

About VDM Metals

VDM Metals (www.vdm-metals.com) produces nickel and nickel alloys, cobalt, zirconium, and special stainless steel, as well as semi-finished goods from aluminum and copper, and manufactures its products in Germany and the USA. The company employs approximately 2,000 people worldwide. Its customers are in the oil and gas industry, chemical and plant engineering sectors, aerospace, electronics and electrical technology, automotive industry, energy and environmental technology, as well as medical technology.

About Lindsay Goldberg

Lindsay Goldberg is a private investment firm that focuses on partnering with families, founders and management teams seeking to actively build their businesses. Founded in 2001, Lindsay Goldberg manages more than $13 billion of equity capital and takes a relationship driven approach, centered upon a collaborative investment model and supported by its global network of affiliate partners. For more information about Lindsay Goldberg, please visit www.lindsaygoldbergllc.com.