Endurance Technologies announced that its subsidiary and the special purpose vehicle for strategic overseas investments, Endurance Overseas Srl., Italy (EOSrl) has acquired the entire equity stake in Fonpresmetal Gap SpA (Fonpresmetal), an aluminum die casting company in Italy. The effective date of this acquisition is 7 January, 2019.
Upon acquisition, the name of Fonpresmetal has been changed to Endurance Castings SpA. Consequent to this acquisition, the Endurance Group in Europe now has nine manufacturing plants, of which six are in Italy and three in Germany.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)