thyssenkrupp Materials NA Company History Timeline


During a period of expansion in 1978 Thyssen AG entered the North American automotive industry with the acquisition of Budd’s automotive operations, which became the automotive division of Thyssen and operated in North America as Budd Thyssen, later ThyssenKrupp Budd Co.


Foundation of the company Eisen- und Stahlhandel, Mannheim warehouse and renaming in 1987 to Thyssen Schulte GmbH, Stahl-Service-Center Mannheim (now the Mannheim branch).


The company was founded on March 17, 1999 and is headquartered in Essen, Germany.“

In 1999 Thyssen (one of the companies of the merger to form ThyssenKrupp Elevator) acquired the American based Dover Elevator Company.


In December 2005 ThyssenKrupp acquired 60% of Atlas Elektronik from BAE Systems with EADS acquiring the remaining 40%.

In 2005 ThyssenKrupp acquired Howaldtswerke-Deutsche Werft (HDW) in Kiel from One Equity Partners.


In October 2006 ThyssenKrupp sold ThyssenKrupp Budd’s North American body and chassis operations to Martinrea International Inc.


On 11 May 2007, ThyssenKrupp AG announced an investment of €3.1 billion (US$4.19 billion) for a project consisting of building new carbon steel and stainless steel processing facilities in southern Alabama that would employ 2,700 people when fully operational.

In August 2007 ThyssenKrupp Materials North America acquired, a small-quantity distributor of semi-finished metals and plastics based in Seattle, WA.


In early 2008 ThyssenKrupp Aerospace acquired Apollo Metals and Aviation Metals, both suppliers to aerospace and defence based inKent, Washington.


The company announced that the investment was increased to $4.6 billion in 2010.


ThyssenKrupp Stainless USA projects to employ approximately 900 people when fully operational in late 2012.

The company projects it will employ approximately 900 people when fully operational in late 2012.

ThyssenKrupp’s stainless steel division, Inoxum, including the stainless portion of the US plant, was sold to Finnish stainless steel company Outokumpu in 2012.


Finally in 2013, ThyssenKrupp offered the remaining portion of the plant for sale at under $4 billion.


Our parent company, thyssenkrupp, unveils a new corporate identity to better reflect its diverse industrial holdings in October 2015.

Company Founded
Southfield, MI
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