RCP's SteelCo acquires Automotive-Division from Frauenthal Holding AG

Frauenthal Automotive produces metal pressed and welded components (via Frauenthal Gnotec) as well as compressed air tanks (via Frauenthal Airtank) for the automotive & commercial vehicle industries. The businesses operate production facilities across Europe in Sweden, Germany, Slovakia and the Czech Republic, as well as sites in China and the United States. In 2024, Frauenthal Automotive generated revenues of €207.3 million and employed approximately 1,000 people.

SteelCo GmbH is a platform investment of RCP Group GmbH, Munich, ("RCP") and holds investments in companies with plants in Germany, Hungary and Belgium.  Following the transaction SteelCo is expected to generate annualized revenues of approximately €345 million.

The local management teams of Gnotec and Airtank will remain in place, and employees will continue under existing employment conditions. SteelCo and RCP will support the business with operational expertise, strategic development and targeted investments to strengthen its competitive position and long-term sustainability.

The transaction enables Frauenthal Holding AG to sharpen its strategic focus on its remaining activities, while ensuring continuity and long-term development prospects for the businesses under a dedicated industrial owner.

About Frauenthal Group

Frauenthal Group, which is listed on the Vienna Stock Exchange, is a conglomerate with the two divisions Frauenthal Automotive and Frauenthal Handel and generated sales of €1,014.3 million in 2024. Frauenthal Handel has a market-leading position in Austria and consists of the sanitary, heating and installation technology wholesalers SHT and ÖAG, the piping, civil engineering and electrical specialist Kontinentale, the online electrical wholesaler ELEKTROMATERIAL. AT and the logistics and service partner Frauenthal Handel. The Frauenthal Group employed an average of 2,583 people in 2024.

About SteelCo

SteelCo invests, among others, in metalworking companies in the automotive industry and other industries. Its platform STEELCO.TECH produces stamped, pressed, deepdrawn, formed and welded components and offers related engineering and industrialization services for various industrial sectors. STEELCO.TECH is a supplier to renowned OEMs and Tier 1s and has industrial expertise along the entire value chain – from development and series production to process optimization. SteelCo is a platform investment of RCP, a family-run investor specializing in investments in special and transitional situations, in particular complex carve-out transactions.

For further information

RCP Management GmbH
Potsdamer Str. 12b
14513 Teltow
Germany
info@rcp-invest.com