Streparava

Alunext, a joint venture between Streparava Holding and Costamp, has acquired Fonderie Cervati of Brescia and Castegnato, Italy, saving nearly 100 jobs. The acquisition was completed after two failed auctions, with a starting price of €3 million.

Streparava Holding is completing a €25 million expansion of its headquarters in Adro, Italy, adding 7,500 square meters of covered space. The first part will be operational in September 2022, and the full site by spring 2023, with at least 50 new hires planned over two years.

Costamp Group and Streparava created a joint venture named Alunext, focusing on aluminum casting technologies including Low Pressure Forging (LPF) for automotive components. The newco was formed by contributing Costamp's foundry business unit.

Streparava S.p.A. and Costamp Group S.p.A. have signed an agreement to form Alunext, a joint venture focused on producing aluminum alloy castings using LPF technology for the premium car market.