Endurance Technologies Acquires Fonpresmetal For €8.16 Million

Endurance Technologies Ltd, through its subsidiary Endurance Overseas Srl., Italy (EOSrl), is now the proud owner of Italian aluminium die casting firm Fonpresmetal Gap SpA (Fonpresmetal). The auto-components maker announced the €8.16-million (US$9.3 million) deal in a stock exchange disclosure earlier this week.

Per the disclosure, Fonpresmetal will be re-christened Endurance Castings SpA. Its aluminium die-casting plant, which boasts a nameplate capacity of 6,500 metric tons per annum, will help boost Endurance’s overall automotive aluminium casting capacity. In addition, the new capacity will aid in backward integration and provide the firm with potential new growth opportunities on the European continent.

Though now combined, the two firms have a significant business history prior to the merger. Fonpresmetal was a preferred supplier of complex aluminium die-casting parts to Endurance’s Italian subsidiary.

With this purchase, Endurance’s presence on the European continent rises to nine distinct facilities, with six plants in Italy and the remainder in Germany. Endurance says the purchase was funded with both internal accruals and external funding.

A public company since 2016, Endurance specializes in automotive aluminium, specifically aluminium castings, aluminium alloy wheels, suspension and transmission systems, and braking systems. The firm is based in Aurangabad, India, and operates satellite offices in Massenbachhausen, Germany and Lombardore, Italy.

Comments are closed here.

  • Cash Buyer -100.00%
  • 3-Months Buyer -100.00%

LME Official Price(/tonne) for

CRU World Aluminium

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.