Posted on 7 oct. 2019

CASTINGPAR - Settas

PRECIMETAL Precision Castings (Seneffe).
and its shareholders, announce the acquisition of the titanium precision foundry SETTAS (Charleroi).

Seneffe, September 30, 2019: PRECIMETAL announces that it has acquired today the SETTAS S.A. precision foundry located in Charleroi (Belgium), part of the Anglo-American group DONCASTERS Ltd. This acquisition enabled with the financial support of its historical partners, CICLAD, majority shareholder and ADAXTRA.
Joining this financial support is the Belgian investment fund PROFINPAR, the management of PRECIMETAL and SETTAS and other private investors.
The rapprochement between PRECIMETAL and SETTAS, 19 km apart, will allow us to develop our complementarity in terms of products and create commercial and industrial synergies, and thereby to meet the ever-increasing requirements of our markets.
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