Altor’s Norican bolts on Auctus-backed LMCS

Norican fully acquired the target company form Auctus. Following the acquisition of the German aluminium parts producer, Norican claims to extend its products offering.

Currently, the Danish business focuses on enhancement of metallic parts and provides surface preparation technologies, including airblasting, wheelblasting and mass finishing. It employs a staff of 2,200 and in 2014 posted a turnover of €360m.

Altor acquired Norican in December 2014 via its Altor Fund IV, in a secondary buyout from Mid Europa and Accession II Investment Capital.

Previous funding
Auctus acquired Italpresse Industrie and its sister company Gauss Automazione in March 2015 to complement the previous purchase of StrikoWestofen, a German developer of high-grade furnace installations, which Auctus acquired in February 2013 from BPE private equity in an SBO, according to unquote" data.

As part of the acquisitions, the GP purchased the companies through its holding company Light Metal Casting Equipment, according to press reports.

Company
LMCS is a group of companies, including StrikoWestofen, Italpresse and Gauss, that produce furnace systems, die casting machines and automation and robotic systems focusing on aluminium magnesium and zinc alloys.

Headquartered in Germany, the group has a presence in Italy, the UK, Poland, Thailand, China, Japan, Mexico and the US, and generated an aggregate turnover of €150m in 2015 according to a statement.

People
Altor Equity Partners – Søren Johansen (partner).
Norican Global – Robert E Joyce Jr (chair, CEO).

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