Riedlingen’s largest employer, Feinguss Blank, announced that it has signed an agreement with UK-based Texmo Precision Castings (UK) Limited to acquire a majority stake in Feinguss Blank. The Blank family will continue to hold a minority stake. The closing of the transaction is subject to customary regulatory approvals.
The completion of the agreement will create the only investment casting specialist capable of manufacturing in the US, Europe and Asia, as well as offering international expertise. The group will operate under the name Texmo Blank. Texmo Blank will set the standard for quality and sustainability in its industry with its combined expertise and use of the latest technologies. Feinguss Blank’s extensive process competencies in vacuum casting as well as turbocharger technology, medical technology and assembly can now be offered worldwide.
The Texmo Blank Group will employ more than 1,750 qualified staff and use a production area of 100,000 square metres on three continents. The participation will lead to synergy effects and growth. The specialisations of the individual group companies in the automotive, industrial solutions, medical technology and aerospace sectors united under the Texmo Blank umbrella will make it possible to serve an expanded customer segment. The Texmo Blank Group can draw on expertise and innovations from more than 130 years of combined experience. Customers will optimally benefit from Texmo Blank because the group will continuously invest in its processes and thus ensure cost efficiency. Texmo Blank combines the history and outstanding performance of two longestablished companies in the precision casting industry: Feinguss Blank and Texmo Precision Castings have an excellent reputation as long-term oriented, family-run companies that focus above all on quality, technology and service. This shared corporate culture was a key factor in the decision to join forces. The cooperation between the companies will maintain the set standards in investment casting, for which both Feinguss Blank and Texmo Precision Castings stand, and increase job security for the workforce as well as sustainability. Blank Holding, which provides the real estate in Riedlingen, will continue to be owned by the Blank family.
Juliane Blank, Managing Director of Blank Holding GmbH comments as follows:
“For more than 60 years, Feinguss Blank has made a name for itself in the investment casting world that is well-known in German-speaking countries, but now also far beyond. In doing so, the Blank family has always put the well-being and further development of the company in the foreground. The continuous globalisation of the last 30 years shows a clear trend that makes it necessary for a company like ours to position itself worldwide in order to be successful. We are very happy to be working with the Texmo Group and the Ramachandran family to make Blank a strong global company. We are particularly pleased that two family businesses have found each other here, based on similar values and history, and can thus combine their strengths globally.”
Arjunan Ramachandran, Managing Director of Texmo Precision Castings:
“It gives me great pleasure to continue our journey towards becoming a global company together with Feinguss Blank. The opportunity to join forces with such a respected company as Feinguss Blank is exciting for all involved and innovation will lead the way as we grow together. Few companies can match the combined knowledge of Texmo Precision Castings and Feinguss Blank when it comes to quality and service in investment casting. By combining expertise, experience and passion, Texmo Blank will operate on a global scale and provide a wider range of products and services to a broader customer base. Our growth and resources will also enable us to continue to support our customers with world-class delivery times, a superior service offering and cost efficiencies. As companies that are like-minded in many ways - from a shared commitment to sustainability and quality to a family-led culture - Feinguss Blank and Texmo are a perfect fit. This provides the basis for joint growth. I am convinced that Texmo Blank will inspire the investment casting industry.”
About Texmo Precision Castings (UK) Limited:
Texmo Precision Castings is a family owned investment casting specialist based in the UK. The company grew out of Texmo Industries, which was founded in 1956 and is active in the manufacture of pumps. Texmo Industries has its origins in Coimbatore, India, and has a turnover of over $200 million. Texmo Precision Castings has a global reputation for excellence, combined with first-class customer service and delivery times. It produces world-class precision casting products in the industrial, medical and automotive sectors. The company is led by Arjunan Ramachandran, whose grandfather founded Texmo Industries. With manufacturing locations in Asia and the US, Texmo Precision Castings benefits from a global presence. This has enabled the company to build a reliable distribution network in some of the world’s most important markets. The culture of all Texmo companies includes a strong social commitment that puts the community and people at the centre. For example, Texmo operates and finances a hospital and a training centre for vocational education and training.
About Feinguss Blank:
The name Feinguss Blank is synonymous with world-class German engineering quality. The renowned company, whose origins date back to 1960, produces high-quality investment castings for the automotive and industrial sectors. The company counts high-end automotive, industrial and aerospace companies among its customers. Through relentless commitment to quality control, Feinguss Blank has been able to secure its status as a market leader and innovator since its foundation. In addition to its location in Riedlingen, Germany, the home of the Blank family, the company also has a facility in Romania where the Swabian inventive spirit continues to be the driving force behind an innovative and dedicated manufacturing concept. Feinguss Blank also supports the Riedlingen area through the Blank Foundation.
