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Gränges to Acquire Remaining 49% of GETEK GmbH & Dispal

Metal News - Published on Mon, 21 Sep 2020

Image Source: Gränges GETEK GmbH Dispal
Granges has signed an agreement to acquire the remaining 49 per cent of the shares in GETEK GmbH as well as the business Dispal, including assets, intellectual properties and trademark Dispal, for EUR 8.5 million from Erbsloh Aluminium GmbH, a company. GETEK GmbH has been jointly owned by Grages 51 per cent and Erbsloh 49 per cent since 2017. The acquisition is a good strategic fit for Gränges and strengthens the platform for profitable growth.

GETEK GmbH produces aluminium billets utilizing advanced spray-forming technology. The company has two production facilities located in St Avold in France and in Velbert in Germany, with a combined annual production capacity of 3,500 tonnes. In 2019, GETEK GmbH’s sales amounted to EUR 6.3 million and the company had 22 employees.

The Dispal business is a range of high-performance spray-formed aluminium materials with a stable customer base. Through the acquisition, Granges will reach customers in new segments in high-tech industries such as aerospace and industrial robots.

GETEK, including the business Dispal, will be a wholly owned subsidiary of Granges AB and a part of Granges Europe’s operations.

Source :

Posted By : Yogender Pancholi on Mon, 21 Sep 2020
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