ZOLLERN takes over Eurocast

ZOLLERN Group CEO, Dr. Klaus F. Erke

The ZOLLERN group, with headquarters in Sigmaringendorf-Laucherthal, Germany, has acquired its former competitor Eurocast B.V., based in Apeldoorn, the Netherlands, as of the purchase price payment in August. This indicates a further expansion of ZOLLERN's competitive position in the field of investment casting for high-tech applications.

In the first half of 2011, Aalberts Industries and ZOLLERN agreed on the acquisition of Eurocast B.V., a subsidiary of the listed company Aalberts Industries. This transaction was completed in August with the purchase price payment.

Eurocast is a specialist in the production of precision cast components for high-tech applications in the air and space travel industry, optical industry, medical technology and electrical industry. ZOLLERN will take over the projects and individual assets of Eurocast, but will not continue to manage the company as a manufacturing location and brand name. The existing business activities were transferred to ZOLLERN. The majority of the products taken over will be manufactured in the ZOLLERN plant in Soest, North Rhine Westphalia in the future. The sales activities and the support of existing customers will be integrated into ZOLLERN's international sales network. With its own European subsidiaries in the Netherlands, France, Italy, Great Britain and Sweden, the existing customer relations will be seamlessly maintained.

Regarding the acquisition, Dr. Klaus F. Erkes, CEO of the ZOLLERN group, comments: "One of our main business fields is investment casting for high-tech applications. This year, we will exceed the revenue threshold of 100 million Euros in this field. Our plant in Soest specializes in high-strength aluminum investment casting and will be strategically expanded for the group. Along with expanding the customer base, the Eurocast acquisition will also serve to combine existing expertise and further improve productivity at this location. With the patented SOPHIA process, which is used at the plant in Soest, there will likely be opportunities for the existing Eurocast customers to intensify their business relationships. In any case, these customers will continue to be competently and reliably supported - now according to high ZOLLERN standards."

ZOLLERN business profile

With more than 300 years of company history, ZOLLERN is one of the pioneers in the metal industry and has been shaping the industry from the very start.

At 15 production locations and/or branches in Europe, North and South America and Asia, 3,000 employees produce and supervise a range of innovative metal products.

The company, with headquarters in Sigmaringendorf-Laucherthal, Germany, is divided into the five business areas of casting technology, drive technology, friction bearings, steel profiles and mechanical components. Throughout the entire supply chain, the company groups provide their customers with specialized solutions in the key industries of energy production, automotive engineering, shipping, construction machinery and mechanical engineering.

With comprehensive service offerings as well as a seamless sales and service network, ZOLLERN is represented in all industrial regions of the world.

In fiscal year 2010, the ZOLLERN group generated revenues of more than 500 million Euros.

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