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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.
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.