FALK Bouwsystemen based in Ede in the Netherlands will be taking over Salzgitter Bauelemente, effective 1 January 2023. The takeover has now been contractually concluded, and the employees in Salzgitter have already been informed in a staff meeting. The parties have agreed to treat the purchase price confidentially.The Salzgitter site on the steelworks premises will be retained, and Salzgitter Flachstahl will continue to supply feedstock. Administrative operations are generally to be run decentrally. The business premises and the storage location will remain in the possession of Salzgitter Flachstahl and will be leased to the buyer for a minimum period of ten years, plus renewal options.Buyer FALK Bouwsystemen is a family-run company with around 150 employees, and thus twice the size of SZBE. The company has focused on the construction of buildings in industry and agriculture for 15 years and ranks as market leader in the Netherlands. The company’s production volume in the sandwich elements segment totals five million square meters, approximately five times SZBE’s volume. Salzgitter Bauelemente will continue to be managed as an independent GmbH by Kai Bohmbach, the current general manager. FALK and SZBE also derive mutual benefit from their respective technical specializations: FALK, for instance, has stated that it is the first company in the world to recycle sandwich elements, thereby reducing the environmental impact by around 40 %. SZBE, on the other hand, is already manufacturing sandwich elements from mineral wool to accommodate its customers’ fire protection requirements.