Key executives of H.I.G. Capital and Construction Forms, Inc. (CFI) visited Esser Twin Pipes headquarters in Warstein, Germany. H.I.G. Capital Investors Todd Ofenloch and Strother Scott, CEO Stefan Brosick, and CFO Ken Taylor (both of CFI) traveled to Germany to review the organization’s process, operations, and future investments.
Esser Twin Pipes President and Managing Director, Stefan Harbig, and CFO Christian Reissner explained that the company is doing very well despite the downturn in 2020 due to the COVID-19 pandemic. The operation was able to rebound in 2021 and has achieved ongoing growth.
The group discussed the importance of investing in new technologies that position Esser for future growth: new pipe hardening techniques and converting to hydrogen as an energy source instead of natural gas. The proposed capital investments align with the company’s growth strategy to increase output at the Warstein location, and to expand to other markets in Europe, the Middle East, Africa, and beyond.
*The above is an excerpt taken from an article from the German newspaper Soester Anzeiger written by Alexander Lange