Silbitz Group Beteiligungs GmbH has acquired a stake in Meuselwitz Guss Eisengiesserei GmbH.
The Silbitz Group, headquartered in Silbitz, Thuringia, has three foundries in Silbitz, Zeitz and in Košice, Slovakia, as well as a mechanical processor in Stassfurt. The Silbitz Group, a company from the portfolio of Deutsche Beteiligungs AG (DBAG), is joining Meuselwitz Guss with immediate effect.
Investment in a secure future
"We are very pleased to be able to give the company a long-term perspective as a new co-shareholder of Meuselwitz Guss Eisengiesserei GmbH. We are convinced of the performance of the company and its employees," said Dr. Torsten Tiefel, Managing Director of Silbitz Group GmbH.
The group entered the Meuselwitz Guss Eisengiesserei GmbH by acquiring the shares of the former executive director, Mr. Herbert Werner. His merit is to have decisively developed and advanced the foundry: "After 48 years with Meuselwitz Guss and my many years as managing director and consultant in the company, the foundry is very important to me. The technical equipment of Meuselwitz Guss Eisengiesserei GmbH offers an excellent starting point for the further development of the company, so that I have decided to sell my company shares to Silbitz Group Beteiligungs GmbH ", explained Werner the reasons for the sale of his shares. And further: "I am sure that with the Silbitz Group, my life's work can continue not only in my own interests, but also in the interests of the motivated workforce and can be developed further on," said the former Managing Director of Meuselwitz Guss Eisengiesserei GmbH.
"As the Silbitz Group, we are aware of the long-standing commitment of Mr. Werner and we will be responsible for shaping the technically well-aligned company in his spirit," commented Dr. Tiefel the transition of the shares.
Commitment of a strong group in a strong company
The Silbitz Group is one of the leading foundry groups in Europe. It employs 1,230 people and 67 apprentices at four company locations. For the current year, a turnover of 192 million euros is planned. The foundry group has a casting capacity of more than 75,000 tonnes per year and is a reliable partner for casting in precision in nine business areas, including wind power, engine technology, mechanical engineering, drive technology, mining and utility and rail engineering.
Meuselwitz Guss Eisengiesserei GmbH, which belongs to the DIHAG Group, generates annual sales of 65 million euros and has a production volume of 30,000 tons. Meuselwitz employs around 320 people and 27 apprentices. With the help of modern manual and large forming plants, large parts up to 80 tons of piece weight, high reproducibility of the workpiece quality and inductive melting operation in the material quality up to "solid solution hardened nodular cast iron" are the specialty for the machine tools, injection molding, measuring plates, press construction and wind energy sectors.