Ferrostaal to change name after takeover

Ferrostaal will be rebranded as MPC Ferrostaal, following the company’s takeover by MPC Industries this week, with the Essen-based print machinery dealer now officially operating under the name MPC Ferrostaal GmbH.

MPC Industries is part of the MPC Group (Münchmeyer Peterson & Co.), which has a 160-year history as a diversified trading and industrial company, now with businesses in investments, shipping, commodities and machinery.

The German-based MPC Industries is a mostly family owned affair, with Axel Schroeder Senior and his sons, John Benjamin Schroeder and Axel Schroeder (pictured) together owning the majority stake in the company.

The acquisition of Ferrostaal will see CEO, Jan Secher leave the company and has already resulted in the resignation of chief financial officer, Robert Moll. The new Ferrostaal executive board will be headed up by John Schroeder, who will be responsible for American business, and Klaus Lesker, who will oversee the Asia Pacific and African regions.

The new board intends to operate and expand the core business areas of the existing Ferrostaal company, including plant construction in the petrochemical industry, and industrial services, including printing equipment.

“The company’s DNA is intact. On the basis of our employees’ experience and skills, a strong capital base and a compliance structure which conforms to the most stringent requirements, MPC Ferrostaal will soon be forging ahead at full steam,” says Schroeder.

“The pleasing volume of incoming orders since the beginning of the year, and a number of promising projects with old and new business partners which are about to be concluded, provide every reason to look optimistically to the future at the start of the new era."