Stibbe advises voestalpine on the sale of Flamco to Aalberts Industries. The deal consists of voestalpine selling all of its shares (100%) in Flamco Holding B.V. and Flamco Stag Behälterbau GmbH, headquartered in Bunschoten (NL).
Flamco founded in 1956, develops, produces, and markets branded quality components for HVAC systems worldwide and has production facilities in the Netherlands, Germany, UK, and China. Voestalpine AG founded in 1938, is an international steel based technology and capital goods group based in Linz, Austria. The company is active in steel, automotive, railway systems, profilform and tool steel industries.