Evtec Aluminium appoints three new board members amidst Blackboxstocks acquisition talks

Evtec Aluminium, a company currently in discussions for acquisition by Blackboxstocks, has recently welcomed three distinguished professionals to its board of directors. This strategic move coincides with Blackboxstocks' share price rise to $2.51, marking an impressive increase of 310.47 per cent from the previous year.

Effective April 1, 2024, the new members will include:

• Julia Steinbrenner, Co-President of the New York Yankees Foundation and Co-Owner of Steinbrenner Racing
• Steve Norris, former UK Minister for Transport and an automotive industry veteran
• Steve Illot, former Chief Investment Officer for BMO Asset Management in North America

Upon the merger with Evtec, it is anticipated that Ms Steinbrenner, Mr Norris, and Mr Illot will join the Board of Directors at Blackbox. Evtec Chairman David Roberts said, "We are delighted to welcome Julia, Steve and Steve to the Evtec team. Together, they bring a wealth of industry experience and insight as we continue to grow Evtec's competencies to serve our customers as they transition to a new electrified era."

The appointment of these three new board members reflects Evtec Aluminium's commitment to bolstering its leadership team for sustained growth and success. Each individual brings a wealth of industry-specific expertise, positioning the company firmly for the future and throughout the acquisition process.

Blackboxstocks CEO Gust Kepler added, "The appointment of Ms Steinbrenner, Mr Norris and Mr Illot to the Evtec board is another important milestone for the company as we work to complete this merger. The addition of these new board members further demonstrates Evtec's commitment to excellence in their industry sector, and we are very pleased to welcome them to the team."

Evtec Aluminium is globally recognised as a premier manufacturer of advanced aluminium castings and machining, catering to esteemed Original Equipment Makers (OEMs). The company specialises in supplying critical auto components for powertrains, EV packs, and body-in-white structural parts from its state-of-the-art facilities located in the UK.

As Blackboxstocks expands its portfolio through strategic acquisitions, the selection of these new board members at Evtec Aluminium underscores its commitment to nurturing robust leadership and creating enduring value for its shareholders. With an expanding market presence and a proven track record of solid performance, Blackboxstocks is poised for continued success, particularly with Evtec Aluminium now among its targeted acquisitions.