# Venator Group acquires Giesserei Schmidt out of insolvency

Venator Group has acquired the business, plants in Cuxhaven and Hemmoor, and all 57 employees of Giesserei Schmidt GmbH & Co. KG, an iron and aluminum foundry that had been in insolvency since January 2023. The acquisition was effective May 1, 2023.

- Type: Acquisition
- Announced: 2023-05-15
- Where: Cuxhaven and Hemmoor, Lower Saxony, Germany
- Status: completed
- Products: iron castings (grey and ductile iron), aluminum castings
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Venator Group](https://endata.com/companies/70299.md) (acquirer)
- [Giesserei Schmidt GmbH & Co. KG](https://endata.com/companies/70300.md) (target)

## Sources

- [wayes.de](https://wayes.de/news/vertrag-in-form-gegossen-uebernahme-von-giesserei-schmidt/), 2023-05-15: "Zum 1. Mai 2023 übernimmt die Venator-Gruppe den Geschäftsbetrieb, die Werke in Cuxhaven und Hemmoor (beides in Niedersachen) und alle 57 Mitarbeitenden."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.