GF Automotive has acquired Eucasting Ro, a high pressure aluminium die casting specialist with two production sites in Romania.
The acquisition follows GF Automotive’s strategy to expand its presence in the growing light metal components business.
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Eucasting was founded in 1960 in Italy by the Mapelli family. In 2006, the company started expansion to Romania with a die casting foundry in Pitesti, 100 km west of Bucharest.
Based on strong customer demand for aluminium castings, a second plant in Scornicesti (around 50 km south of Pitesti) was opened in 2010.
With a workforce of around 500 employees, Eucasting generates a turnover of CHF50m (US$52m). Some 60% of sales are achieved in the automotive segment followed by lighting solutions and further industrial applications.
Closing is anticipated for November this year and the parties have agreed not to disclose any financial details.
“We are pleased to welcome Eucasting in the GF family,” said GF CEO, Yves Serra. “Both its customer base and its locations complement very well GF Automotive’s and we look forward to support its fast development.”
GF Automotive provides casting solutions based on iron, aluminium and magnesium at eleven production plants in Germany, Austria, China and the US.
