Industry news
NORICAN GLOBAL COMPLETES ACQUISITION OF LIGHT METAL CASTING SOLUTIONS GROUP
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Taastrup, Denmark. Norican Global A/S (“Norican”), a leading metallic parts enhancement company (by virtue of its ownership of both DISA and Wheelabrator), announced today that it has completed the acquisition of the Light Metal Casting Solutions Group (“LMCS”). The transaction was announced on February 21 of this year.
LMCS comprises three of the leading names in aluminium parts formation marketplace: StrikoWestofen, ItalPresse and Gauss.
“We are very excited to welcome our new LMCS colleagues to the Norican team”, commented Mr. Robert E. Joyce Jr., President and CEO of Norican. “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.”
Mr. Rudolf Riedel, President and CEO of StrikoWestofen, and LMCS Speaker of the Board, comments: “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.”
“The commonality of the production processes and services offered between the Norican and LMCS brands”, added Mr. Carlo Scalmana, President and CEO of ItalPresse / Gauss, “provides an excellent springboard for serving both existing and new customers throughout the world. 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.”
Mr. Joyce concluded: “We continue to invest in our customers’ ongoing success. This combination of technically innovative companies will provide complete solutions for our customers, whether they work with ferrous or non-ferrous metal parts.”
