Parcom Capital today announces the acquisition of a majority stake in MGG Group, a cutting edge and high quality manufacturer of advanced aluminium sand-castings and sub-assemblies. Financial terms of the transaction were not disclosed.

MGG Group supplies various assemblies from sandcasting for commercial vehicles, heat exchangers and various other applications. The company currently generates annual revenues of approximately 100 million euros. The management of the company will co-invest alongside Parcom Capital. Nielen Schuman acts as exclusive M&A advisor to Parcom Capital in this transaction.

Click here for the full press release.

 

 

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