Complementary Business Lines Create Natural Extension
Dynacast, a global manufacturer of precision engineered, die cast metal and small components, today announced the acquisition of Techmire, the leading multi-slide die cast machine supplier based in Montreal. This acquisition represents a natural extension of Dynacast’s core business and combines two complementary business lines to better serve the die casting industry. The acquisition also diversifies Dynacast’s international customer base and helps pave the way for multi-slide technology advancements. Under Dynacast ownership, Techmire will operate as a separate business unit and will continue to offer its full range of products and services.
“Dynacast will build on Techmire’s excellent technical reputation to improve the value, capabilities and global availability of multi-slide die cast technology, parts and service,” said Simon Newman, CEO of Dynacast. “By combining the expertise and resources of each company, we can and will bring improvements and new technologies to the marketplace, creating options and value for our customers.”
The only die casting and small component manufacturing company in the world with a global network of manufacturing facilities, Dynacast will continue to serve Techmire’s customers with the same consistently high level of machine and spare parts sales, service and quality performance that has made Techmire the world’s leading provider of multi-slide zinc and magnesium die casting machines. Dynacast’s global footprint will also allow for expansion of Techmire spare parts availability to markets in Europe and Asia. Backed by the support of a financially strong parent company, Techmire customers will benefit from Dynacast’s experience and commitment to research and development that will provide the industry with new and improved multi-slide technologies. In addition, some customers will benefit from options made possible by Dynacast’s ability to support overflow work and their expertise in handling technically challenging projects.
“Techmire customers will benefit from Dynacast’s unparalleled engineering and technical support,” said Techmire President Leela Hardat. “The opportunities made possible through Dynacast’s strong development focus will improve and expand our industry.”
Dynacast is a global manufacturer of precision engineered, die cast metal components with facilities in North America, Europe and the Asia Pacific region. The company’s products are manufactured using proprietary die casting technology and are supplied to a wide range of markets, including automotive, healthcare, telecommunications and consumer electronics. Dynacast, owned by Melrose PLC of London, is focused on achieving growth organically and where possible through selected acquisitions. Learn more at www.dynacast.com.