MPC Industries Is the New Owner of Ferrostaal
ESSEN, GERMANY—March 8, 2012—With the closing of the deal, Ferrostaal AG officially belongs to MPC Industries GmbH, based in Hamburg, Germany. Following the takeoverk the company will be rebranded to a GmbH and in the future will do business as MPC Ferrostaal GmbH. The company’s headquarters will remain in Essen.
The majority owner of MPC Industries GmbH is Axel Schroeder Sr., together with his sons John Benjamin Schroeder and Axel Schroeder, who together are also the sole shareholders of the MPC Group. A minority share in MPC Industries GmbH is held by an investor group centered around Commodore Constructing Co. in Abu Dhabi, United Arab Emirates.
The Ferrostaal executive board will in the future be headed jointly by John Schroeder (responsible for the Americas) and Klaus Lesker (Asia Pacific and Africa). Acting executive board members Kay Hanns Ewaldsen (COO) and Joachim Ludwig (CFO) will be retained on the new executive board.