AMG Advanced Metallurgical Group N.V. Subsidiary ALD Vacuum Technologies Expands Market Presence in North America
Amsterdam, 1 February 2016 (Regulated Information) --- AMG Advanced Metallurgical Group N.V. ("AMG", EURONEXT AMSTERDAM: "AMG") is pleased to announce that ALD Vacuum Technologies of Hanau, Germany (“ALD”), has acquired the remaining 50% share of their joint venture company, ALD-Holcroft Co. Inc. (“ALD-Holcroft”) of Wixom, MI, USA from AFC-Holcroft LLC (“AFC-Holcroft”) of Wixom, MI, USA.
ALD-Holcroft, formed in 2005, acts as the exclusive sales agent for ALD’s heat treatment product lines in the NAFTA region.
The acquisition will enable AMG to streamline its heat treatment and metallurgy furnace marketing operations in North America, Canada and Mexico.
AMG is a global critical materials company at the forefront of CO2 reduction trends. AMG produces highly engineered specialty metals and mineral products and provides related vacuum furnace systems and services to the transportation, infrastructure, energy, and specialty metals & chemicals end markets.
AMG Critical Materials produces aluminum master alloys and powders, titanium alloys and coatings, ferrovanadium, natural graphite, chromium metal, antimony, tantalum, niobium and silicon metal. AMG Engineering designs and produces vacuum furnace equipment and systems used to produce and upgrade specialty metals and alloys for the transportation, automotive, infrastructure, and energy markets.
With approximately 3,000 employees, AMG operates globally with production facilities in Germany, the United Kingdom, France, Czech Republic, United States, China, Mexico, Brazil and Sri Lanka, and has sales and customer service offices in Russia and Japan (www.amg-nv.com).
For further information, please contact:
AMG Advanced Metallurgical Group N.V. +1 610 293 5804
Vice President of Investor Relations
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