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GERMANY - Hannover Finanz acquires Giesserei Industrie Holding Isselburg

mgoebel
24 June 2008

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HANNOVER Finanz has acquired a 70% stake in foundry Giesserei Industrie Holding Isselburg GmbH for an undisclosed amount, with the management continuing to hold the balance of the equity.

Isselburg-based Giesserei Industrie was founded in 1996, employs a staff of 225 and achieved a turnover of EUR 60m in 2007. The company manufactures components for heavy diesel engines and the transportation industry.

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