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CIREX GmbH is taking over the company Feinguss Soest GmbH & Co. KG as of December 1st, 2022 Buyer is a company from the CIREX Group in the Netherlands that is part of an international group of companies with an annual turnover of approx. EUR 1 billion The foundry for casting aluminium aerospace and defense components will continue at its location in Soest with all approximtely 80 employees and will be further expanded The CIREX Group, located in Almelo, Netherlands, will take over the company Feinguss Soest GmbH & Co. KG. The CIREX Group is part of Signicast / Form Technologies Inc, based in the United States of America. CIREX Group is considered to be an ideal partner for Feinguss Soest. The temporary insolvency procedure was announced on 12 August 2021. The company was successfully continued in the last 16 months by curator Dr. Jan Janßen, partner of GÖRG Rechtsanwälte / Insolvenzverwalter GbR. Despite the insolvency procedure the workforce has expanded in this period and the turnover has increased compared to the previous year. As part of the acquisition the CIREX Group will take over all financial assets from Feinguss Soest, including the real estate. Business operations will continue without restrictions at the location Soest. Numerous well-known customers will be supplied. About 80 employees work at Feinguss Soest. The buyer intends to keep the Foundry at the Soest location in the long term and plans to expand the capacity. "By taking over the employees and know-how from Feinguss Soest we can expand our portfolio with aluminum precision castings and reach out to new customers as well," Jeroen Spoelder, ceo of the CIREX Group, explains. Dr. Jan Janßen is pleased with the result. "I am very happy with the joining and deployment of the CIREX Group. Feinguss Soest is in a good position for the future being part of the CIREX Group within an internationale group of companies. My special thanks to the staff, the customers, the suppliers and the Zollern Unternehmensgruppe, who have contributed with their efforts to a long-term solution for Feinguss.“ The seller and buyer have agreed not to disclose the purchase price and general commercial terms. The consultancy company MONTAG & MONTAG from Cologne was assigned to carry out the sales process and to provide support for the continuation of the activities. About Feinguss Soest GmbH & Co. KG: Feinguss Soest GmbH & Co. KG, headquartered in Soest, was founded in 2006 as part of ZOLLERN Group and the division ZOLLERN-Feinguss, after it was taken over from ThyssenKrupp AG. The German company has been active for more than 50 years in the field of aluminum castings for demanding technical and precise applications. The most important customers are companies that develop, produce and assemble complex aircraft, vehicle and machine components. About the CIREX Group of companies The CIREX Group is the European part of the Signicast division of Form Technologies Inc. (USA). The Signicast division is a development partner and producer of high-quality precision castings using the lost-wax method. CIREX has a total of approximately 350 employees and has foundries in the Netherlands and the Czech Republic. CIREX also has finishing companies in the Czech Republic and Slovakia. CIREX's main markets are the automotive and manufacturing industries. CIREX's main sales countries are Germany, Great Britain, the Netherlands, France, Italy and Scandinavia.
The CIREX Group, located in Almelo, Netherlands, will take over the company Feinguss Soest GmbH & Co. KG. The CIREX Group is part of Signicast / Form Technologies Inc, based in the United States of America. CIREX Group is considered to be an ideal partner for Feinguss Soest. The temporary insolvency procedure was announced on 12 August 2021. The company was successfully continued in the last 16 months by curator Dr. Jan Janßen, partner of GÖRG Rechtsanwälte / Insolvenzverwalter GbR. Despite the insolvency procedure the workforce has expanded in this period and the turnover has increased compared to the previous year. As part of the acquisition the CIREX Group will take over all financial assets from Feinguss Soest, including the real estate. Business operations will continue without restrictions at the location Soest. Numerous well-known customers will be supplied. About 80 employees work at Feinguss Soest. The buyer intends to keep the Foundry at the Soest location in the long term and plans to expand the capacity. "By taking over the employees and know-how from Feinguss Soest we can expand our portfolio with aluminum precision castings and reach out to new customers as well," Jeroen Spoelder, ceo of the CIREX Group, explains. Dr. Jan Janßen is pleased with the result. "I am very happy with the joining and deployment of the CIREX Group. Feinguss Soest is in a good position for the future being part of the CIREX Group within an internationale group of companies. My special thanks to the staff, the customers, the suppliers and the Zollern Unternehmensgruppe, who have contributed with their efforts to a long-term solution for Feinguss.“ The seller and buyer have agreed not to disclose the purchase price and general commercial terms. The consultancy company MONTAG & MONTAG from Cologne was assigned to carry out the sales process and to provide support for the continuation of the activities. About Feinguss Soest GmbH & Co. KG: Feinguss Soest GmbH & Co. KG, headquartered in Soest, was founded in 2006 as part of ZOLLERN Group and the division ZOLLERN-Feinguss, after it was taken over from ThyssenKrupp AG. The German company has been active for more than 50 years in the field of aluminum castings for demanding technical and precise applications. The most important customers are companies that develop, produce and assemble complex aircraft, vehicle and machine components. About the CIREX Group of companies The CIREX Group is the European part of the Signicast division of Form Technologies Inc. (USA). The Signicast division is a development partner and producer of high-quality precision castings using the lost-wax method. CIREX has a total of approximately 350 employees and has foundries in the Netherlands and the Czech Republic. CIREX also has finishing companies in the Czech Republic and Slovakia. CIREX's main markets are the automotive and manufacturing industries. CIREX's main sales countries are Germany, Great Britain, the Netherlands, France, Italy and Scandinavia.