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Shiloh completes acquisition of Brabant Alucast Italy and Brabant Alucast Netherlands-The 19th Guangzhou Die-casting, Foundry & Industry Furnace Exhibition
3/23/2018 压铸展-铸造展- Die-casting expo-foundry expo |
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Shiloh Industries Inc., a global supplier of lightweighting, noise and vibration solutions, completed its acquisition of its Brabant Alucast Italy and Brabant Alucast Netherlands.
The company will double production capacity for magnesium castings with this addition and says it will "become one of the leading global manufacturers of magnesium cross car beams as well as one of the largest automotive magnesium suppliers worldwide."
“The acquisition is significant both strategically and operationally redefining our position in the industry by expanding our technology portfolio and enhancing our manufacturing capabilities”, said David Jaeger, senior vice president and managing director, CastLight. “The new operations also bring aluminum casting capabilities, closing a gap in Shiloh’s European production needs.”
“Our growth in Europe is a result of the increasing demand for our innovative technologies and lightweighting solutions in both automotive and commercial vehicle applications,” said Ramzi Hermiz, president and CEO. “We remain committed to providing world-class service and meeting the performance and safety needs of our customers in the region and around the world,” Hermiz continued. “Shiloh’s unique multi-material capabilities in aluminum, magnesium and steel allow maximum weight savings without compromising safety, strength, performance or the environment.”
Shiloh’s global footprint now includes 33 manufacturing facilities and technical centers spanning three continents with over 4,200 employees.
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