Image courtesy of Chassix
Chassix, Inc., a global automotive supplier of precision casting and machining solutions reporting among its clients like GM and BMW, announced that it has signed a definitive agreement to acquire Benteler Automotive Farsund’s lightweight aluminum low pressure automotive casting business, whose business consists of a highly automated aluminum foundry in Farsund, Norway, designing and producing lightweight aluminum structural castings. The company’s casting business produces safety critical components, such as sub frames, swing arms, steering knuckles and rear hubs for luxury brand automotive customers. The BENTELER Automotive Farsund’s casting business has an experienced management and technical team, providing innovative products of superior quality. Overall, approximately 275 employees are employed by Benteler Automotive Farsund.
The sales agreement was signed on October 26, 2017. An approval of the anti-trust authorities is not required. However, several conditions with regard to customer and supplier contracts still need to be completed before the transfer can be effected.