Röchling (Röchling Group)
"In 1960, the company was divided into two parent companies: Gebr Röchling KG and Industrie Verwaltung Röchling GmbH, which was renamed the Röchling Industrie Verwaltung (RIV) GmbH in 1972. It encapsulated all the listed companies, primarily the participation in Rheinmetall AG.
In the 1960s and 70s, the Röchling Group started to feel the effects of the looming downturn in coal and steel, which escalated into a global steel crisis. The company responded by completely changing its corporate strategy: It sold the Völklingen Ironworks in 1978 and withdrew entirely from the steel industry…"