Technikum of Hoesch Schwerter Profile GmbH has been sold to Plymouth Tube Company from the USA

Hoesch Schwerter Profile GmbH is a specialist in the development, production and distribution of high-quality special steel profiles. It was originally founded in 1745 and it is one of the leading producers of steel products. Since 2006, the company has been operating under the name Hoesch Schwerter Profile GmbH. The company has particularly become famous for its customer-oriented approach to quality and its many years of experience in the construction of customised steel profiles. In 2019, the company generated with around 400 employees a turnover of approximately € 100 million with its three business units Rolling Mill, Drawing Mill and Technikum.

The Technikum is specialised in the production of special profiles in the field of protection systems. These are customer-specific components and system solutions for ballistic protection, which are primarily used in the military environment, especially in armoured vehicles, submarines and frigates. In 2019, the Technikum generated a turnover of around € 8.5 million.


On 19 December 2019, the management of Hoesch Schwerter Profile GmbH filed for insolvency at the district court in Hagen. On 19 December 2019, Mr. Achim Thomas Thiele from Husemann, Eickhoff, Salmen & Partner GbR (Dortmund) was appointed as the preliminary insolvency administrator. By order of 1 March 2020, the insolvency proceedings concerning the assets of Hoesch Schwerter Profile GmbH were opened and Mr. Achim Thomas Thiele was appointed as insolvency administrator.

On 25 June 2021, the purchase contract for the Technikum of Hoesch Schwerter Profile GmbH was signed with the Plymouth Tube Company. Since 1 July, the new legal entity has been operating under the name „Plymouth Schwerter Technik GmbH & Co. KG”. Both the insolvency administrator and the creditors' committee have approved the sale.

The team of CVM Capital Value Management GmbH around managing partner Christian Lützenrath was mandated to conduct a structured investor process in consultation with the parties involved.

CVM Team: Christian Lützenrath (Managing Partner), Oliver Lewin (Senior Consultant) and Lutz Milbradt (Consultant)


Plymouth Tube Company, based in Illinois, USA, manufactures and supplies carbon and nickel alloy, and stainless precision steel tubing products. The company offers shaped tubing, engineered shapes, trent stainless steel tubing, heater tubing, and boiler and oil as well as gas carbon steel tubing products. Plymouth Tube serves the aerospace, defence, energy, and commercial industries.


Husemann, Eickhoff, Salmen & Partner GbR is a commercial law firm consisting of auditors, tax consultants, lawyers and insolvency administrators with offices in Dortmund and Cologne as well as insolvency offices in Arnsberg, Viersen and Witten. With more than 40 professionals and a total of around 170 employees, the law firm primarily advises medium-sized German companies, family offices and companies of all sizes on all of their key tax, legal and business challenges around the world.


Capital Value Management GmbH (“CVM”) provides operational and independent corporate finance consultancy to companies going through transitional or restructuring processes as well as other exceptional situations. CVM’s focus is on guiding the transactions of medium-sized companies in industry, trade and services with a sales volume between € 10 and € 250 million. CVM designs, supports and coordinates the entire M&A process in close cooperation with the clients’ tax and legal advisors.