Nemak Buying GF Light Metal Plants

Metalcasting group Nemak S.A.B. de C.V. has a definitive agreement to acquire nine GF Casting Solutions’ lightweight foundry operations. The availability of the GF assets was revealed in connection to the separate sell-off of the group’s machine tool business.

No value has been reported for the private transaction, which Nemak stated should be complete later this year.

Nemak emphasized its interest in GF’s strengths in manufacturing automotive and e-vehicle structural and chassis components, as well as its high-pressure diecasting (HPDC) capabilities. Chairman Álvaro Fernández stated the deal “expands our global reach and long-term perspective.”

In its announcement, Nemak added that the purchase “will represent a key milestone in Nemak’s efforts to accelerate its transformation beyond ICE powertrain components and broaden its global footprint. The transaction will allow Nemak to further diversify its customer base, enhance its technological capabilities, and strengthen its position in the transition towards sustainable mobility.”

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