Chassix announces acquisition of BENTELER’s aluminium casting business
Chassix, Inc., a manufacturer of aluminium and iron cast and machined chassis, powertrain and subframe automotive components, announced that it has entered into a definitive agreement to acquire BENTELER Automotive Farsund’s lightweight aluminium low pressure automotive casting business.
President and CEO of Chassix Doug DelGrosso said, “The acquisition of BENTELER Automotive Farsund’s casting business accelerates our vertical integration in Europe, provides customer and product diversification, and further enhances our technical capabilities in our core business.”
BENTELER Automotive Farsund’s casting business consists of a highly automated aluminium foundry in Farsund, Norway. It designs and produces lightweight aluminium structural castings.
Laurent Favre, CEO BENTELER Automotive, explains: “The automotive market is rapidly changing. Our ability to anticipate trends and to offer relevant customer solutions is key to our companies’ success. The divestment of BENTELER Automotive Farsund will allow us to further invest into our core business and leverage upcoming opportunities.”
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