The foundry in Gleisdorf, with some 200 employees, manufactures mostly small components and with this product portfolio is well positioned within a medium-sized company. The new owner intends to continue production in this form.
This step will allow GF Automotive to focus more closely on its core business, which is developing and manufacturing large-scale, complex components for the international passenger and commercial vehicle industry. The light metal activities are being concentrated at Altenmarkt and Herzogenburg in Austria, Werdohl and Friedrichshafen in Germany and Suzhou in China. The focus on developing innovative processes and materials will be strengthened.
BAVARIA Industriekapital AG is an industrial holding company operating mainly in the automotive, plant engineering and business services sectors. It generated revenues of 485 million euros in 2008. The company has extensive experience and success in the field of automotive casting.