Hertwich Engineering management completed the acquisition of Hertwich Engineering from SMS group.

Hertwich Engineering management completed the acquisition of Hertwich Engineering, a provider of technologies for aluminum foundries, from SMS group, a metals company. Financial terms were not disclosed. "We are proud of the high level of satisfaction of our customers with the technologically leading melting, casting and homogenization plants of Hertwich, which is currently reflected in a record order backlog. As an independent company, we will significantly increase our investment in capacity expansions and product innovations in the future to better support the growth and technological advancement of the aluminum industry. With the SMS group, we will continue to work together in partnership on important projects in the future to promote the CO2-neutral aluminum industry. The decisive factor that made the management takeover of Hertwich Engineering possible in the first place is the long-standing and trusting relationships with our business partners, whom I would like to thank him at this point," Gerold Keune.