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FinnvedenBulten has, as part of the ongoing restructuring of the foundry business in the Finnveden Metal Structures division, signed an agreement to sell the division’s Swedish aluminium business in Finnveden Gjutal AB. The buyer is International Aluminium Casting Sweden AB, which operates with aluminium die-casting in Sweden and Estonia.
“Our strategy within Finnveden Metal Structures is to offer a unique combination of sheet metal stamping and magnesium die-casting to meet the need for weight reduction in the automotive industry. The sale of the aluminium business is an important part of the ongoing restructuring program and streamlining of the die-casting operation where all magnesium die casting is concentrated to one focused foundry located in Poland. At the same time we are pleased that the aluminium operation can continue with new owners having aluminium die casting as their main business,” says Johan Westman, president and CEO of FinnvedenBulten.
The divested aluminium business and additional restructuring costs are expected to lead to a positive net contribution to the operating profit amounting to around SEK 10 million during Q1 2014. Visit: www.finnvedenbulten.com
Cargotec’s MacGregor acquires Aker Solutions’ mooring and loading systems unit
Cargotec’s MacGregor has completed the acquisition of the mooring and loading systems unit from Aker Solutions. Cargotec announced the agreement to acquire the unit in October 2013 for an enterprise value of approximately €180 million.
“The addition of the mooring and loading systems’ team members, technologies and products further positions MacGregor as a true leader in the marine and offshore equipment market. When combined with our other MacGregor products and the expertise of the recently acquired Hatlapa marine equipment business, we can now offer customers the most complete range of high performing equipment and systems,” states Eric Nielsen, president, MacGregor. “With this acquisition now complete, we look forward to a quick and smooth integration into MacGregor family, with the clear goal of serving our existing and new customers with the most innovative and well supported offering.” Visit: www.cargotec.com
ALTANA acquires polypropylene wax emulsion business from DSM
The specialty chemicals group ALTANA has acquired technologies and customer-specific know-how in the field of polypropylene wax emulsions from Royal DSM. The products can be used to coat glass fibres which are needed for the manufacturing of composites. They are typically used in the construction industry and the automotive sector. “This acquisition is another consistent step along our path of growth,” said Dr Matthias L. Wolfgruber, CEO of ALTANA AG.
Within the ALTANA group, the polypropylene wax emulsion business will be integrated into BYK Additives & Instruments, the division with the highest sales volume. “This acquisition expands our existing portfolio in the field of wax emulsions, and now enables us to offer customers an even broader range of additive solutions,” explained Dr Christoph Schlünken, president of the BYK Division. In October 2013, BYK also acquired Rockwood’s rheology business. Visit: www.byk.com
HANZA acquires Arvika Industrikablage and Davab
HANZA AB – Scandinavia’s fastest growing provider of complete manufacturing services in mechanics, electronics, cables and boxbuild – has acquired Arvika Industrikablage and Davab.
“HANZA has since the start in 2008 grown into a manufacturer with a broad geographical presence through offices in the Nordic countries, central Europe and China,” commented Erik Stenfors, CEO, HANZA AB.
HANZA’s goal is to consolidate Nordic contract manufacturers and further strengthen its position as a competitive quality provider of complete manufacturing services. “One of our key success factors is that we succeed in creating profitable activities in rural areas in Sweden,” says Gerd Levin-Nygren, manager of HANZAs electronics division. “Arvika Industrikablage and Davab are two well-respected regional companies whose business will now be moved to our factory in Värmland and which will be further developed in HANZA Group.” Visit: www.hanza.com
