Shiloh Industries to Acquire European Casting Facilities
Shiloh Industries Inc. entered into two definitive agreements with Brabant Alucast Services B.V. to acquire both Brabant Alucast Italy and Brabant Alucast Netherlands. The acquisition complements the company’s global footprint and expands into aluminum and existing magnesium casting and stamping capabilities. It also provides for necessary growth capacity in Europe.
According to Shiloh Industries, the deal enhances its global cross-car beam, front-end carrier and shock-tower businesses as well as expands its structural aluminum body, chassis and propulsion products.
Valley City, Ohio-based Shiloh Industries is a solutions provider focusing on lightweighting technologies. The company designs and manufactures products within body structure, chassis and propulsion systems.