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.

Cl Rodriguez Arias, 15 7º Izda.
48008 Bilbao
Tlf. +34 94 400 35 00

view map

Paseo de la Castellana, 141
Pl. 19
Cuzco IV
28046 Madrid
Tlf. +34 91 749 80 64

view map

International Network


Interested in receiving more information, having a meeting, clarifying certain issues or contacting our team? Send us a request and we’ll get back to you as soon as possible.

Your personal data are incorporated into files for which ALBIA CAPITAL PARTNERS, S.L., with address at Rodríguez Arias, 15 - 7º Izda. , 48008 Bilbao (Bizkaia), is responsible, and whose purpose is the management of data collected in the website forms, the management of contacts, the implementation of commercial communication actions and the response to queries and suggestions, being in any case mandatory the permission. In case permission is not provided, we will not be able to handle your request. These data will be retained indefinitely as long as you do not state your will against it.

Your data will not be transferred to any entity without your prior consent.

You can exercise the rights of access, rectification, limitation of treatment, suppression, portability, cancellation and to revoke the consent given, by sending a letter with a copy of your ID to the aforementioned address or email:

In case your rights are not being addressed, you can also submit your claim to the Agencia Española de Protección de Datos.

I agree to the terms of use