Sankyo Tateyama subsidiary STEP-G to acquire casting business from Aluwerk Hettstedt

STEP-G, a subsidiary of Sankyo Tateyama, signed agreements to acquire the casting business of Aluwerk Hettstedt GmbH and related distribution activities of RMG Metallfachhandel GmbH in Germany. The deal is expected to close on July 1, 2019, and will strengthen supply capabilities for automotive, aerospace, and rail segments.

“By adding advanced casting technology specialized in medium and hard alloys of AWH, STEP-G aims to strengthen the supply capabilities for automotive, aerospace and rail segments which STEP-G focuses on.”st-grp.co.jp

• 2 sources
• st-grp.co.jpSTEP-G, our subsidiary in Europe, strengthens supply capabilities to the automotive, aerospace and rail segments. Announcement regarding the acquisition of casting business in Germany.｜News Release｜SankyoTateyama,Inc.Mar 29, 2019
• privateequitywire.co.ukARQIS advises Sankyo Tateyama on acquisition of Foundry Business of Aluwerk Hettstedt and RMG Metallfachhandel - Private Equity WireRehan SaleemApr 9, 2019

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