Texmo Precision Castings to acquire majority share in Feinguss Blank
UK-based Texmo Precision Castings has announced it will acquire a majority share of German company Feinguss Blank.
Following the acquisition, the company will trade as Texmo Blank: the only investment castings specialist capable of manufacturing in the U.S., Europe and Asia. Texmo Blank combines the history and manufacturing excellence of Feinguss Blank, with Texmo Precision Castings’ like-minded focus on quality precision casting, as well as its customer base and infrastructure.
The company will employ a skilled workforce of more than 1,750, and utilize 1 million sq ft of manufacturing space across three continents.
Both companies have reputations as family-run firms with a focus on quality over all else. The Blank family will continue to hold a minority share in Texmo Blank Germany.
“It gives me great pleasure to be able to announce our new collective identity as Texmo Blank, said Texmo Precision Castings Managing Director Arjunan Ramachandran. “The opportunity to join forces with a firm as respected as Feinguss Blank is an exciting one for everybody involved, and innovation will lead the way as we grow together.
Welcoming Texmo Blank, Juliane Blank, managing director of Blank Holding GmbH, added: “For more than 60 years, BLANK has created a name for itself in the investment casting world that is well-known in German-speaking countries, but now also well beyond. In the process, the Blank family has always put the well- being and further development of the company first.
“The continuous globalization of the last 30 years shows a clear trend that makes it necessary for a company like ours to position itself worldwide in order to be successful. We are very happy to be working with the Texmo Group and the Ramachandran family to make Blank a strong global company. We are particularly pleased that two family businesses have found each other here, based on similar values and history, and can thus combine their strengths globally.”