Die Casting GF Acquired Romanian Eucasting
GF Automotive has acquired the Romanian light metal die casting company Eucasting. The transaction is expected to close in November 2017.
GF Automotive, a division of GF, has acquired Eucasting, an aluminium die-casting supplier with two production sites in Romania. With about 500 employees, the Romanian company generates a turnover of about $ 50 million. 60 % of sales come from the automotive sector, followed by lighting solutions and other industrial applications. The transaction is expected to close in November 2017. The parties have agreed not to disclose the financial details of the transactions.
The GF Automotive division produces cast iron, aluminium and magnesium solutions at eleven sites in Germany, Austria, China and the USA. Founded in 1960 in Italy, Eucasting has opened two factories in Romania since 2010.
This article was first published by Automobil Industrie.