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.
On February this year, the company entered into an agreement with Auctus Fund III GmbH & Co. KG, and its fellow investors collectively referred to as "Auctus" to buy 100% of their shares in Light Metal Casting Solutions Group.
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Mr. Robert E. Joyce Jr., President and CEO of Norican commented, “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.”
LMCS comprises three of the leading names in aluminium parts formation marketplace: StrikoWestofen, ItalPresse and Gauss.
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Mr. Rudolf Riedel, President and CEO of StrikoWestofen, and LMCS Speaker of the Board, said: “The potential of five leading brands under one roof thrilled me from our first meeting - especially the potential of integrated solutions for our customers’ evolving industry 4.0 requirements.”
Mr. Carlo Scalmana, President and CEO of ItalPresse / Gauss, “…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.”
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