GF Automotive, a division of GF, has announced the acquisition of Eucasting Ro SRL, a high-pressure aluminium die casting specialist with two production sites in Romania. The acquisition follows GF Automotive’s strategy to expand its presence in the growing light metal components business.
Eucasting was founded in 1960 in Italy by the Mapelli family. In 2006 the company started the expansion to Romania with a die casting foundry in Pitesti, 100 km west of Bucharest (Romania). Based on a strong customer demand for aluminium castings, a second plant in Scornicesti (around 50 km south of Pitesti) was opened in 2010.
The machine shop at Eucasting
With a workforce of approximately 500 employees, Eucasting generates a turnover of about CHF 50 million. Sixty per cent of the sales are achieved in the automotive segment followed by lighting solutions and further industrial applications. The acquisition is anticipated to be finalised in November 2017. The parties have agreed not to disclose any financial details.
“We are pleased to welcome Eucasting into the GF family. Both its customer base and its locations complement GF Automotive very well and we look forward to supporting its development,” said Yves Serra, CEO GF.
Examples of castings produced by Eucasting
“We are excited to become a part of GF Automotive and to plan together the next steps in our development. The strong know-how and the lightweight competences of GF Automotive will increase our options to better serve our existing and new customers,” said Federica Mapelli, owner of Eucasting RO SLR.
GF Automotive is one of the world’s leading automotive suppliers and a technologically pioneering development partner and manufacturer of components for passenger cars, trucks and industrial applications. The division provides casting solutions based on iron, aluminium and magnesium at eleven production plants in Germany, Austria, China and the US.