MGG acquires majority share in CSA
MGG International today announces the acquisition of a majority stake in CSA Herzogenburg GmbH, an Austrian based cutting edge and high quality manufacturer of advanced aluminium low-pressure die casted products and sub‐assemblies. CSA supplies various castings for passenger cars, commercial vehicles and various other applications. The current owners, Mr. Andreas Zick and Mr. Markus Kieberger will remain as minority shareholders of the company and will continue their roles of Managing Directors.
The newly combined company currently generates annual revenues of approximately 160 million euros. The acquisition fits perfectly in the growth strategy that MGG and its major shareholder Parcom Capital have defined, and is the first since their alliance started early this year.
MGG International CEO Bart‐Jan van den Boogaart comments: ”We are extremely happy to add CSA to our Group and looking forward to the cooperation with Markus and Andreas. We are impressed how the two of them have developed CSA to be a technology leader in such a short period of time. The high level of quality that CSA delivers to its customers, is truly an addition in the offerings to our customers. Next to sophisticated aluminium sand-castings we are now able to serve our customers more to their needs.”
Andreas Zick, is pleased with the investment in CSA. Zick: “Being part of the MGG Group will enable us to accelerate our growth. The automotive industry needs strong players that are committed to quality. The strong MGG sales force will allow us to present ourselves and to build long lasting relations.” Markus Kieberger adds: “In our search for a strong partner, we found MGG to share our vision. True commitment to highest quality castings, co-developed in close cooperation with our customers. We are excited to enter into this new phase of our company.”
Since the foundation in 1945, MGG has been at the forefront of the aluminium foundry industry. MGG has a reputation for constant innovation in automotive and other industrial branches. With unmatched commitment and our extensive knowledge of aluminium casting technology (sand casting, LPSC as well as machining and assembly), MGG provides its customers with the very best innovative and cost effective solutions. MGG uses a fully integrated approach so that MGG can deliver “ready-to-install” products, to meet the high customer requirements.
Parcom Capital is a leading mid-market private equity firm and was founded in 1982, focusing on investments in high-quality, leading companies in the Benelux. Over the past 30 years, Parcom Capital successfully invested in more than 75 (international) companies. Recent investments have been made in Jan Snel, Simpel.nl, GoodHabitz and Euroma.
CSA is under the leadership of Andreas Zick and Markus Kieberger since 2014, at which moment they acquired all the shares in CSA from Georg Fischer GmbH. Ever since, CSA has developed itself as a Technology leader in the area of Low Pressure Die Casting and related after treatments of aluminium products for primarily the Automotive sector. Premium OEM’s are served with the highest technical standards and full service from design to ready-to-install components.
For more information, please contact Bart-Jan van den Boogaart (e-mail: email@example.com).