Laempe & Mössner, Meitzendork, Germany, the world leader in the field of core molding technology, and Sintokogio Co. Ltd (Sinto), Nagoya, Japan, the world’s largest metalcasting machinery manufacturing group, have agreed on a strategic partnership, forming Laempe Mossner Sinto GmbH. Sinto acquired 40% of the shares of Laempe, with 60% of shares remaining with the owner family Mossner.
“We are very excited about the new partnership with Sinto since it strengthens our position in the world market and we can develop our internationalization strategy as planned,” said Andreas Mossner, managing director, Laempe & Mossner. “With the globally active Sinto group, we achieve a direct access to many production sites worldwide, particularly in the emerging economies. In addition, we are strengthening our sales opportunities in the Japanese automotive sector significantly. Together, we strive for a durable and successful partnership that will benefit both companies.”
Sinto Group is represented in 12 countries worldwide and generated sales of more than EUR 700 million in 2013 with around 3,800 employees.
“The strategic partnership is logical and brings benefits for everyone involved,” said Atsushi Nagai, president, Sinto. “In addition to the synergies, the partnership means a real added value for our customers: With the world’s leading core molding technology from Laempe & Mössner we complete our portfolio as a complete solution provider for foundries. We have made very good experiences in the past with partnerships of this kind and we look forward to the successful and trustful collaboration.”