Zug, May 7, 2025 – HERITAGE B is pleased to announce that it has signed an agreement to sell THIELMANN, a world leader in the manufacture of stainless steel containers, to the IRESTAL Group, one of Europe’s foremost companies in the processing and distribution of stainless steel. This transaction represents a strategic milestone for all parties involved, ensuring the continued growth and development of THIELMANN under the ownership of IRESTAL.
Based in Granada, Spain—where its main facilities employ over 200 people—THIELMANN Portinox has been operating for over 60 years and, since 2016, under the THIELMANN brand as part of the Heritage B holding. The company is globally recognized for its expertise in designing and manufacturing high-performance stainless steel containers, including Beverage Kegs, Pressure Vessels, Hazardous Storage Drums, and Aseptic Intermediate Bulk Containers (IBCs). In addition to its primary operations in Granada, the company provides service to existing keg fleets in Spain and UK. THIELMANN is present with own teams in England, France, Germany and USA, supporting its international growth.
For IRESTAL Group, this acquisition is part of a broader strategy of industrial integration aimed at enhancing its industrial capabilities and creating new growth opportunities. "This acquisition strengthens our industrial and logistical capabilities and opens up new opportunities in strategic markets and sectors”, affirms Joaquim Boixareu, President and CEO of IRESTAL Group.
For THIELMANN, the transaction is also a significant opportunity to accelerate its growth and competitiveness. Alberto Borque, Managing Director in Spain and COO at THIELMANN, commented: "This new chapter will strengthen our position as a global leader in stainless steel containers. Together with IRESTAL, we are well positioned to grow stronger and continue to deliver world-class solutions to our customers around the globe”.
Completion of the transaction is subject to the approval of the relevant antitrust authorities.
HERITAGE B extends its sincere gratitude to all the stakeholders, teams and advisors involved in facilitating this transaction and looks forward to a smooth and successful transition in the months ahead.
Advisors: Lincoln International and Uría Menéndez advised HERITAGE B. IRESTAL Group was advised by Axia & Partners and Arraut & Asociados.
If you have any questions, please don’t hesitate to reach out to your THIELMANN contact, or fill out our contact form here.