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In line with our expectations, market demand and price developments in 2019 for most key product categories were less favorable than the previous year.
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To be close to our customers as a distribution partner, we are constantly working on strengthening and expanding our network.
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On 31 July 2019, the Van Leeuwen Pipe and Tube Group entered into an agreement to acquire Benteler Distribution, a division of Benteler International AG.
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The Van Leeuwen Pipe and Tube Group’s consolidated net sales were € 787 million, an increase of 25% compared to the previous financial year.
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To achieve our strategic objectives we rely on a large team of professional and motivated employees, a high number with many years of experience and others with a youthful spirit and innovative strength.
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With the addition of the Benteler Distribution activities to our network, the Van Leeuwen Pipe and Tube Group improved its position as a leading global distributor of pipe and tube material.