Meitzendorf / Nagoya, 13/05/2015. Laempe & Mössner, the world leader in the field of core moulding technology and the Japanese Sintokogio Co., Ltd ( “Sinto”), the world's largest foundry machinery manufacturing group agreed on a strategic partnership. The company from Nagoya acquires 40 percent of shares of the German family-owned enterprise; the owner family Mössner remains majority shareholder with 60 percent of shares.
Laempe & Mössner GmbH will, in future, be operating under the name "Laempe Mössner Sinto GmbH". "We are very excited about the new partnership with Sinto since it strengthens our position in the world market and we will be able to develop our internationalization strategy as planned. With the globally active Sinto group we achieve a direct access to many production sites worldwide, particularly in the emerging economies. In addition, we are strengthening our sales opportunities in the Japanese automotive sector significantly. Together, we strive for a durable and successful partnership that will benefit both companies, "explains Andreas Mössner, Managing Director of Laempe & Mössner.
The Sinto Group is represented in 12 countries worldwide and with around 3,800 employees, generated sales of more than EUR 700 million in 2013. Founded in 1934, the company is mainly engaged in the business areas foundry plants and surface treatment. Laempe & Mössner is an innovative solution developer for core shooters in the foundry industry. 300 employees work at two locations in Meitzendorf (Saxony-Anhalt/headquarters) and Schopfheim (Baden-Württemberg). With a turnover of around EUR 65 million (2013), the family is one of the 100 largest companies in Saxony-Anhalt. Besides strategic advantages, the new partnership is expected to create synergies in the areas of purchasing, sales and research and development.
"The strategic partnership is logical and brings benefits for everyone involved. In addition to the synergies, the partnership means a real added value for our customers: With the world's leading core moulding technology from Laempe & Mössner, we complete our portfolio as a complete solution provider for foundries. We have made very good experiences in the past with partnerships like these and we look forward to the successful and trustful collaboration", explains Atsushi Nagai, President of Sinto.
The details on partnership will be presented by Andreas Mössner and Atsushi Nagai at the GIFA, the world's largest foundry trade fair from 16 to 20 June in Dusseldorf, at a press conference. Press invitations will be distributed prior to the trade fair.