Chassix, Inc. (Southfield, Michigan), a global automotive supplier of precision casting and machining solutions, announced it has signed a definitive agreement to acquire BENTELER Automotive Farsund’s lightweight aluminum low pressure automotive casting business.
BENTELER Automotive Farsund’s casting business consists of a highly automated aluminum foundry in Farsund, Norway, designing and producing lightweight aluminum structural castings. The company’s casting business produces safety critical components, such as sub frames, swing arms, steering knuckles and rear hubs for luxury brand automotive customers.
Approximately 275 employees are employed by BENTELER Automotive Farsund.
“The acquisition of BENTELER Automotive Farsund’s casting business accelerates our vertical integration in Europe, provides customer and product diversification, and further enhances our technical capabilities in our core business,” said Doug DelGrosso, president and CEO, Chassix. “The Farsund business is strategically aligned with the Chassix growth plan and provides a strong team to further develop our core competencies of casting and machining chassis, powertrain and sub-frame solutions for global customers.”