Texmo acquires German company - The Hindu

October 11, 2023 09:15 pm | Updated 09:32 pm IST - COIMBATORE

Texmo Precision Castings has acquired 75.1 % stake in Feinguss Blank, a German company with plants in Germany and Romania, for an undisclosed amount. Custom Stainless Steel Casting

Texmo acquires German company - The Hindu

Part of the Coimbatore-based Texmo Group, Texmo Precision Castings has manufacturing facilities in the U.S. and India.

Arjunan Ramachandran, Managing Director of Texmo Precision Castings, told The Hindu, “Following the acquisition, the company will trade as Texmo Blank.” It will cater to customers in sectors such as industries and healthcare. Texmo Blank will register $120 million revenue this financial year and will employ over 1,700 employees across its facilities in the US, Europe, and Asia. “This (acquisition) brings growth opportunities. We can provide global services to OEMs and will be in top three (globally) now in terms of sales revenue,” he added.

The family-held company will make steel, stainless steel, cobalt, nickel alloy and aluminium investment castings and the annual production will be almost 8,000 tonnes.

industrial production / merger, acquisition and takeover

Terms & conditions  |   Institutional Subscriber

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

Texmo acquires German company - The Hindu

Lost Wax Casting Factory We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.