The Norican Group and Suzhou Mingzhi Technology Co Ltd. have announced the signing of a binding agreement whereby Suzhou Mingzhi Technology Co Ltd. has purchased the assets of the Disa Core product business, based in Leipzig, Germany.
The sale is the result of close dialogue between the parties, exploring potential cooperation within complementary business areas, to better serve customers. Disa has been offering core solutions to the foundry industry for more than 20 years.
“The agreement with Mingzhi Technology offers an opportunity to expand and secure the continuation of the products offered by the Leipzig team, combining it with the strength and experience of the Mingzhi Technology organisation,” said a company spokesperson.
The scope of services and supplies for core production includes core machines such as core sand preparation, core shooting machines, core handling equipment and core boxes.
All employees working with the core equipment company in Leipzig have been transferred to the newly established Mingzhi Technology Leipzig GmbH entity and will continue their work as part of the Mingzhi Technology organisation. Any current Disa Core product contracts will be fulfilled by the Norican Group in collaboration with Mingzhi Technology Leipzig.
The seller, the Norican Group, is a Danish holding company for a series of foundry focused technology and equipment developers. These include the Disa brand of automated moulding lines, Gauss gravity diecasting systems, Italpresse high-pressure diecasting systems, StrikoWestofen melting, dosing and heat-treating systems and Wheelabrator shot blasting equipment.