GERMANY - MIT acquires 26% of Belte

MIT invested from its Gulf One Buchanan Industrial Technologies Fund.

Belte will use the fresh capital for further expansion and expects to be ahead of its 2007 turnover in 2009, with increased growth rates expected in 2010. Next year, Belte plans to extend the production sites in Bavaria and North Rhine-Westfalia, with international sites to follow.

Aluminium refiner Belte was founded in Delbrück in 1998. With six subsidiaries, Belte employs 450 people. Its customer include the automotive, aerospace, medical engineering, as well as shipbuilding and transport industries.

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• Topics
• Expansion
• DACH