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Gränges AB has signed an agreement to acquire the remaining 49% of GETEK GmbH and the Dispal business from Erbslöh Aluminium GmbH for EUR 8.5 million. GETEK produces aluminium billets using spray-forming technology at facilities in France and Germany.
Gränges invests EUR 4.4 million in cash for 51 percent of GETEK GmbH, a company producing aluminium billets using spray-forming technology. Erbslöh Aluminium GmbH will own 49 percent.