Sale of Aluminum Foundry (H245)

Cooperation with the firm's associates began in December 2005. Aluminium foundry s.r.o. is one the successful foundries focused on gravity and pressure casting of aluminium alloys with annual revenues of about CZK 70 million and 75 employees. In January 2006, holding ONIVON has shown interest in this company. The investor is active in the fields of metal processing, tools making, electrical equipment, etc. The negotiations lasted intermittently for almost two years while negotiations with other candidates were held. Shares were transferred in October 2007 (excerpt from the commercial register). The new owner assumes further development of the foundry and partial integration into the holding. The original associates will stay in the management of the company for another two years.


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