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GF Automotive, a Corporate Group of publicly listed Georg Fischer AG (Switzerland), has reached an agreement with MWS Industrieholding GmbH, a subsidiary of Austrian MWS Group, to divest its entire aluminium sand casting activities. The two corresponding plants of Friedrichshafen and Garching will be divested via a share deal.
The Friedrichshafen and Garching foundries have been belonging to Georg Fischer since 1999 and employ around 250 and 180 persons respectively. They are both specialists in aluminium sand casting parts for passenger cars, commercial vehicles and industrial applications. Their combined sales in 2011 was approximately EUR 105 million.