Leverkusen, 8 January 2024 – The Wuppermann Group has sold its 35% stake in Galva Metal A.S. (Galva) in Kocaeli, Turkey, to the family of the main owner.
Wuppermann had been a strategic investor in Galva since 2013. Galva is a steel service center and distributor in Turkey and serves both the Turkish market and the Middle East. The economic conditions and the expansion of the steel industry in Turkey have made cooperation between the Wuppermann Group's galvanizing plants in the EU and the distributor in Turkey increasingly difficult. As a result, Wuppermann and the main owners of Galva agreed on the sale of the shares.