Schmolz + Bickenbach in December disclosed that it had put down an offer of EUR135 million for the ailing steelmaker. The offer included a capital commitment of EUR64 million to Ascometal’s plants over the next four years. 

Ascometal manufactures specialty bar for the automotive, bearings, oil and gas, and mechanical engineering markets. The company filed for court protection last year. 

Reuters has more here and here.