Aludyne announced it has acquired Shiloh Industries’ CastLight division.
The CastLight acquisition strengthens and expands Aludyne’s position as a lightweighting solutions provider. Aludyne will further diversify its customer base and add new facilities in the U.S., Netherlands, Poland and China. With the acquisition of Shiloh Industries’ CastLight business, Aludyne expands its product offering with high integrity, thin-walled components used in electrified drivetrains, e-motor housings, battery trays and automotive structural components.
“We welcome the CastLight employees in North America, Europe and Asia to the Aludyne team,” said Andreas S. Weller, president and CEO of Aludyne. “Together we are a stronger company delivering innovative solutions to the mobility industry and meeting the needs of our customers globally.”
The combined entity is expected to generate pro forma revenue of more than $1 billion.
Current Capital Partners LLC and KPMG acted as financial advisers to Aludyne and Honigman LLP acted as its legal counsel.