In 1993, Klöckner manager Jürgen Großmann bought the steel works for a symbolic amount of money and transformed it to an efficient company which is one of the leading high-grade steel producers in Europe.
In 1993, Jürgen Großmann, the manager at Klöckner, purchased the steelworks for a symbolic price and turned it into a highly successful firm, making it one of the top steel manufacturers in Europe.