Chassix, Inc. announced the acquisition of BENTELER Automotive Farsund's lightweight aluminium low pressure automotive casting business. The Farsund business will operate under the name Chassix Norway AS.
BENTELER Automotive Farsund’s casting business consists of a highly automated aluminium foundry in Farsund, Norway. It designs and produces lightweight aluminium structural castings.
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Doug DelGrosso, Chassix's President and CEO said "We are pleased to have completed our acquisition of the Bentler Automotive Farsund business, as this acquisition accelerates our vertical integration in Europe, provides customer and product diversification and further enhances our technical capabilities in our business.”
"We welcome the Farsund team to Chassix and look forward to working collaboratively to continue to provide high quality, innovative products to our collective customers."
BENTELER will continue to develop lightweight solutions for its customers. BENTELER will leverage its in-house core business of steel and aluminium processing based on more than 140 years of experience, according to Chassix press release.
"The automotive market is rapidly changing. Our ability to anticipate trends and to offer relevant solutions for upcoming opportunities will be key to our companies' success. The divestment of the BENTELER Automotive plant in Farsund will allow us to further develop our core business," Laurent Favre,CEO of BENTELER Automotive said.
Chassix, headquartered in Southfield, Michigan, is a manufacturer of aluminium and iron cast and machined chassis, powertrain and subframe automotive components. BENTELER is a leading global company that develops, produces and sells products, systems and services for the automotive, energy and engineering sectors.
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