StrikoWestofen: Auctus acquires majority of company shares
StrikoWestofen, the globally active manufacturer of melting and dosing systems, has a new owner: it has been announced that the Munich-based “Auctus Capital Partners AG” has acquired the majority share in the StrikoWestofen Group. Up to now, the majority share in the group belonged to “BPE Fund Investors GmbH” (Hamburg). “With Auctus, a well-known partner has been won as an investor a partner who knows the light metal casting industry and holds our role as a technological pioneer in high regard,” explains Rudolf Riedel, managing director of StrikoWestofen. “In particular our strong market position as well as our past and future innovations were the reasons for Auctus to become involved in a healthy company with strong brands and for supporting the further expansion of its market presence in growth markets.” In the selling process, the focus was in particular on the continuation of the very positive development of business in the last few years and on the continuity of company management.
Thus, the altered shareholder structure does not affect any of the existing employment relationships. The management is still working as before in the company. In addition, the focus of product development at StrikoWestofen is still on the requirements of modern foundry processes as well as economy and user-friendliness. This holds for the standard series and for customer-specific adaptations. The aim is to further expand the technological advance which the market leader has in the global markets and to achieve healthy growth. The company also benefits from having its own production facilities in Europe, China and North America i.e. the principal foundry centres worldwide. “The takeover by Auctus also shows its appreciation of the work we have done in the last few years,” says Riedel happily. “After all, this independent holding company has been investing in successful, future-oriented middle-sized German companies for years now.”
The StrikoWestofen Group with its headquarters in Gummersbach (Germany) is a globally active manufacturer of thermal process technology for the light metal casting industry, providing solutions for pressure die-casting, gravity die-casting, sand casting, low-pressure die-casting and continuous casting. The focus is on made-to-measure one-stop solutions which shape and support the production processes in the foundries in a permanent and positive way. StrikoWestofen has offices as well as sales and service partners in the centres of the light metal casting industry in 25 countries, covering the continents of Europe, Asia and America.
Auctus Capital Partners AG
With over 60 participations since 2001, Auctus Capital Partners AG from Munich is the leading holding company for medium-sized companies in the German-speaking countries. In the context of successor solutions, sector concepts and group spin-offs, Auctus has majority shares in medium-sized companies and provides capital for growth financing.