The Bosnian family conglomerate Hastor has acquired the Saarbrücker Foundry Group Neue Halberg-Guss (NHG) through its Prevent Group.
Earlier this year, the Bosnian family conglomerate Hastor acquired the Saarbrücker Foundry Group Neue Halberg-Guss (NHG) through its Prevent Group, as reported by the “Frankfurter Allgemeine Sonntagszeitung (FAS)”. A publication of the German Federal Cartel Office shows that the NHG Group was sold to the investment company Castanea Rubra Assets, based in Berlin, Germany. Castanea Rubra belongs to the Prevent Group.
The Headquarter of the NHG foundry group is located in Saarbrücken-Brebach, Germany. In addition to the Saarbrücken factory, NHG also operates a foundry in Leipzig, Germany. NHG purchased the South African foundry Atlantis Foundries (AF) from Daimler AG almost three years ago in 2015. Amongst the three locations, almost 3 000 people are employed in total, including 850 employees in South Africa.
The entire NHG Group generates sales of around € 480 million a year and manufactures amongst others, engine blocks, crankshafts, and cylinder heads. Their largest clients include VW, Daimler AG and the US car company General Motors (GM).
NHG was acquired by SDL Süddeutsche Beteiligungs GmbH, based in Elchingen an der Donau, Germany, last year. SDL took over from the Dutch investors HTP, who rescued Halberg Guss from Insolvency in 2011.
The Prevent Group is Bosnia’s largest private sector company and leading exporter. It began manufacturing seat covers and has since diversified into yacht interiors, protective clothing, brake discs and fashion textiles. Its sister company ASA also offers a range of financial, transport and health services.
The Prevent Group employs more than 13 000 staff at 36 sites including in Bosnia, Croatia, Austria, Germany, Romania, Russia, Slovenia, Hungary, Brazil and Turkey.
This change in shareholding has been positively received by the Board of Directors at Atlantis Foundries in South Africa with a clear support of the strategy for further growth and development.
For further details contact Atlantis Foundries on TEL: 0 21 573 7225 or visit www.atlantisfoundries.com