Grupo Metal buys the assets of the insolvent companies Fundiciones San Eloy and Mecanizados Iketz

Grupo MetalAlbia Capital Partners has provided financial advice to Metal Smelting, S.A. he assets of the companies under liquidation Fundiciones San Eloy, S.A. and Mecanizados Iketz, S.A, within the framework of an Industrial Plan aimed at business expansion and development process at both companies.

Metal Smelting, S.A., with headquarters in Iurreta (Bizkaia, Spain), was created in 2009 and its activity focuses on smelting grey and ductile iron and special alloys. Together with Metal Performers, S.A, it forms Grupo Metal, thus integrating its smelting, mechanisation and subassembly mounting activities.

With this transaction, Metal Smelting has begun to develop its growth strategy by expanding its product range (from 100-gramme to 4-ton pieces) with the aim of having a relevant presence in the car industry, and increasing its diversification to markets and clients, all of this based on making an industrial group with strong resource synergy arising from the smelting and mechanisation activities which provide soundness and high added value in the market.

Likewise, Grupo Metal has doubled its mechanisation and smelting capacity to 13,000 tons per year/replacement, with a large machinery pool in both activities that round out the pieces’ value chain, from design, development and manufacturing of the initial samples to mass production and final quality controls.

Grupo Metal currently has two smelting plants and four mechanisation centres, focusing on the production of very complex pieces and providing support from the initial product engineering and design phases to their start of production.

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