Business Operations Lethiguel SAS Announces Complete Acquisition of Midland Technologies Inc.
Lethiguel company, a French firm operating in the light metal casting industry, has acquired a 100 % stake in Midland Technologies Incorporated, Minneapolis-based casting solution provider that specializes in vent and vacuum technologies. Transaction was completed on July 2, 2021.
This strategic move will lead the group to the double benefit of a strategic industrial establishment in the USA, and the acquisition of a complementary technology and high added-value know-how focusing on the HPDC industry. Thus what doors does it exactly open for the two companies?
Lethiguel’s goal is to broaden its range of know-how and technical added-value in the field of die casting. As part of its global strategy, the group needed to establish operations in the USA with a local sales and technical support office and team. Acquiring Midland and integrating its operations and products portfolio has been the opportunity to give meaning to the future of both companies. Midland brings other capacities in terms of products, manufacturing, R&D, and know-how. With very promising market and innovation potential, Midland will be a key to promote Lethiguel’s presence in the US, while benefiting from the French group’s global sales and distribution channels worldwide.
By joining forces, Lethiguel Group reaffirms its multi-specialist position in a demanding and complex industrial environment. Lethiguel’s vision: the group is growing as a global specialist of casting solutions, expanding territories, and diversifying into other industries and markets. Each entity of the group is a technical-niche specialist, developing and providing casting solutions to the light metal casting industry. The company already serves customers across 40 countries on all 5 continents, and is active on all the segments of the light metal value chain: cast houses and primary light metal, die casting (HPDC, GDC, LPDC), and recycling.