Norican Global announces complete acquisition of Light Metal Casting Solutions Group

<p>Norican Global, a leading metallic parts enhancement company (by virtue of its ownership of both DISA and Wheelabrator), announced the completion of the Light Metal Casting Solutions Group (LMCS) acquisition.</p> <p>On February this year, the company entered into an agreement with Auctus Fund III GmbH &amp; Co. KG, and its fellow investors collectively referred to as "Auctus" to buy 100% of their shares in Light Metal Casting Solutions Group.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/03954e0a-fddb-4170-b361-be2924d64ac7-large.jpeg" alt="news" width="517" height="200" /></p> <p>Mr. Robert E. Joyce Jr., President and CEO of Norican commented, &ldquo;We are very excited to welcome our new LMCS colleagues to the Norican team. Their breadth of talent, experience and passion for their business will be a great addition to the Group. This is another major milestone in the history of the Norican Group, and one that will bring tremendous value to our collective customers.&rdquo;</p> <p>LMCS comprises three of the leading names in aluminium parts formation marketplace:&nbsp;StrikoWestofen,&nbsp;ItalPresse and&nbsp;Gauss.</p> <p>{googleAdsense}</p> <p>Mr. Rudolf Riedel, President and CEO of StrikoWestofen, and LMCS Speaker of the Board, said: &ldquo;The potential of five leading brands under one roof thrilled me from our first meeting - especially the potential of integrated solutions for our customers&rsquo; evolving industry 4.0 requirements.&rdquo;</p> <p>Mr. Carlo Scalmana, President and CEO of ItalPresse / Gauss, &ldquo;&hellip;The combined vision for developing innovative and integrated solutions for all of the Norican brands (old and new) is what our customers require of a market leader.&rdquo;</p>