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 funds advised by the Munich-based “Auctus Capital Partners AG” have acquired the majority share in the StrikoWestofen Group in February 2013. Up to now, the majority share in the group belonged to funds managed by “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.”
New Pilot Plant Centre in Wiehl offers individual training opportunities
Well-trained personnel can make the daily operation of melting and dosing systems considerably more efficient and economical. This is why the StrikoWestofen Group runs a comprehensively equipped Pilot Plant Centre at its Wiehl location. Here the manufacturer of thermal process engineering for light metal casting offers its customers extensive theoretical and practical training courses. They focus on system availability and energy-efficient, resource-saving operation – aspects which are a significant competitive factor in daily foundry operation.