Backed by Deutsche Beteiligungs AG, a private equity firm, Gienanth Group, iron foundry operator, announced that it has acquired SLR-Gusswerk II Betriebsgesellschaft m.b.H., Austrian iron specialist, and its two subsidiaries, SLR-Metallbearbeitungs-Gesellschaft m.b.H, and SLR-CZECHIA s.r.o. „I am deeply convinced by this step for many reasons: We are entering entire new markets with our new competences. This will further stabilize the growth of our enterprise. And – even more important – we always seek to expand our range of products and services for the benefits of our clients to provide them with the best solutions in the market. Said this, our new plants in Austria and Czechia are the perfect extension to what we produce in Germany.” Dr. Hans-Jurgen Brenninger, Gienanth Group CEO