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Voestalpine's Venturesome Voyage: Austrian Asset Acquisition

Austrian steel giant voestalpine sells its BÖHLER Profil subsidiary to US industrial technology leader Kadant Inc., completing a strategic portfolio restructuring. The profitable Bruckbach-based operation, generating EUR 51.5 million annually alongside 150 employees, specializes in industrial profiles & knife manufacturing. Kadant's acquisition provides immediate European market access while preserving workforce employment, demonstrating how strategic divestiture can benefit all stakeholders through operational continuity & growth opportunities.

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