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Exclusive financial advisor to Greer Steel Company

KPMG Corporate Finance LLC acted as exclusive financial advisor to Greer Steel Company

KPMG Corporate Finance LLC is pleased to announce the sale of Greer Steel Company (“Greer Steel” or the “Company”), a leading provider of cold rolled strip steel, to Mutares SE & Co. KGaA (“Mutares”).

Founded in 1917 and headquartered in Dover, Ohio, Greer Steel processes cold rolled strip steel products including low carbon, high carbon & alloy, and high strength low alloy (HSLA). The Company provides strip steel for several applications including automobiles, appliances, hardware, hand tools, motorcycle parts, metal stampings, and service centers. Its broad capabilities include cold rolling, hydrogen annealing, pickling, slitting, shearing, wire flattening, traverse winding, edge profiling / skiving, and finishing. Greer Steel was a wholly owned subsidiary of Greer Industries, Inc.

“This acquisition is a strategic milestone for Mutares, strengthening our Engineering & Technology segment and expanding our presence in North America. Greer Steel’s technical capabilities and strong customer relationships make it an ideal platform for further growth.” – Johannes Laumann, CIO of Mutares

About Greer Industries, Inc.

Greer Industries, Inc. is a private holding company with businesses involved in the production of limestone aggregate, asphalt, lime and other products. It is West Virginia’s largest producer of limestone products, and also the state’s premier asphalt producer. Greer Industries, Inc. was founded in 1914 and is based in Morgantown, West Virginia.

About Mutares SE & Co. KGaA

Mutares is an international private equity investor headquartered in Munich, Germany, specializing in the acquisition of non-core divisions of large corporations (carve-outs) and companies in transitional phases. The firm targets businesses with strong brands and established business models that offer significant operational improvement potential. Mutares operates across multiple industries including automotive, engineering, technology, and logistics. It currently manages a diverse portfolio of businesses and continues to expand through targeted acquisitions.

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The global Corporate Finance practice of KPMG International’s network of independent member firms was ranked #1 as the top M&A middle-market adviser globally by Refinitiv, based on number of completed transactions, for the past 20 years.

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Ford Phillips
Managing Director, KPMG Corporate Finance LLC
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Ford Phillips
Managing Director, KPMG Corporate Finance LLC
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KPMG Corporate Finance

The global Corporate Finance practice of KPMG International’s network of independent member firms was ranked #1 as the top M&A middle-market adviser globally by Refinitiv, based on number of completed transactions, for the past 20 years

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Corporate finance services, including Financing, Debt Advisory, and Valuation Services, are not performed by all KPMG member firms and are not offered by member firms in certain jurisdictions due to legal or regulatory constraints. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. 

The information contained in this communication may not be representative of the experience of other clients and does not constitute a recommendation, offer, or solicitation to buy, sell or hold any security of any issuer. Past performance does not guarantee future results.

©2026 KPMG Corporate Finance LLC, a Delaware limited liability company. Member FINRA/SIPC. KPMG Corporate Finance LLC is a subsidiary of KPMG LLP, a Delaware limited liability partnership, and its subsidiaries are part of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. KPMG Corporate Finance LLC is not engaged in the business of public accountancy. All rights reserved.

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