British distributor of pipes & metals Mertex UK has last month announced the asset purchase agreement with German pip maker Rohrwerk Maxhütte. Rohrwerk Maxhütte, located in the Franconia region of northern Bavaria in Germany, has been threatened with closure several times over the last 20 years, after the shutdown of its blast furnace in the 1990s. In December 2021, it filed for insolvency again. The mill makes seamless pipe mainly for the automotive, shipbuilding, and offshore industries. Its annual revenue is reportedly around EUR 100 million, achieved with a staff of 460.Rohrwerk Maxhütte has several lines to produce hot-finished tube with 21.3-139.7mm outside diameter and 2.3-13mm wall thickness, as well as cold-finished tube with 4-120mm outside diameter and 1-11mm wall thickness. Mertex UK Limited is a privately-owned company, registered in England and Wales. It describes itself as a leading, diversified, natural resources group with renowned specialised activity in trading, manufacturing and processing of line pipe, and OCTG such as casing, tubing and drill pipe.