industry news/行業新聞
Wescast Industries to Be Acquired by China-Based Sichuan Bohong Wescast工业公司将被中国四川Bohong公司收购
Wescast Industries Inc., Brantford, Ontario, Canada,
has entered into an agreement to be purchased by Sichuan Bohong Industry Co. Ltd., Sichuan, China. Te company recently announced it has signed a memoran- dum of understanding to sell 100% of the issued and outstand- ing capital of Wescast at approximately $13.60 per share. Ac- cording to a press release issued by the company, the sale came about as a result of a recent “strategic alternatives review.” “We believe this would be an attractive outcome for Wes-
cast’s shareholders,” said Jim Barton, chairman of the special committee of the Wescast board. “We will work diligently with Bohong towards entering into a definitive and binding arrangement agreement and completing the acquisition.” While the acquisition is still subject to approval by
regulatory agencies and Wescast’s shareholders, Bohong has provided Wescast a deposit of $2 million. Te Chinese auto- motive supplier is in the process of obtaining the remaining funding required for the transaction. “We believe the two companies are highly complementary
in terms of products, services and operating values,” said Ed Frackowiak, Wescast’s chairman and CEO. “In particular, we are excited by the potential to pursue future opportunities globally.” Wescast is a leading supplier of cast exhaust manifolds for
passenger cars and light trucks. Te company employs approxi- mately 1,800 people in seven production facilities and five sales and design centers in Canada, Hungary, the U.S., Germany, Japan and China, and it has sales and technical design representa- tion in the U.K. and France. Wescast opened its Chinese
operation in 2008, and in late 2010, it expanded its turbo- charger production capabilities at its Asian and European facili- ties. Bohong Group has more than 40 wholly-owned or hold- ing subsidiaries and operates multiple metalcasting facilities. “Bohong intends to build
on Wescast’s long history and believes that this acquisi- tion would assist Bohong and China’s automobile industry to reach a new platform in servicing global customers,” said Dong Ping, chairman and CEO of Bohong. ■
Wescast is a leading supplier of cast exhaust manifolds for passenger cars and light trucks. The company employs approximately 1,800 in seven production facilities worldwide.
位于加拿大安大略省Brantford的Wescast工业公司 将被中国四川Bohong工业公司收购。该收购已经进入 了协议阶段。
该公司最近宣布已经签订了谅解备忘录，用来出售
Wescast所有的股份和资本，约每股13.6美元。根据发 布会的消息，被收购是最近的执行“战略转变回顾“的 造成的后果。 Wescast董事会的特别委员会主席Jim Barton说：“ 我们相信该收购对于Wescast公司持股者的具有吸引 力。我们将和Bohong努力工作达成确定性的有约束力 的合约，以完成收购。“
虽然该收购还在等待管理机构和Wescast的持股者通 过，但Bohong已经支付了Wescast2百万美元订金。中 国的汽车供应商正在筹集交易的剩余资金。 Wescast的主席和CEO Ed Frackowiak说：“我们相 信这两个公司在产品、服务和工作方面上具有互补性。 特别地，我们很兴奋，将具备抓住全球机会的潜力。“ Wescast是乘用车和轻卡的铸造排气管顶级供应商。 该公司在加拿大、匈牙利、美国、德国、日本和中国的 五个销售和设计中心雇佣了约 1800人，在英国和法国有销 售和技术设计代办处。 Wescast在2008年和2010 后开办了中国运行部，它在亚 洲和欧洲的生产厂提高了涡轮 增压器的生产能力。Bohong 集团有 40多个全资拥有或控 股的分部以及多个铸造厂。 Bohong公司总裁和主席 董平（音）说：“Bohong的 兴趣在于Wescast的长期历 史积累，并相信 收购能帮助 Bohong公司和中国的汽车工 业成为全球客户服务 平台。“ ■
Wescast公司是轿车和轻型卡车 铸造排气管的顶尖供应商，该公 司在世界有7个生产厂，共雇佣 1800人。
Fall 2011
FOUNDRY-PLANET.COM | MODERN CASTING | CHINA FOUNDRY ASSOCIATION | 7
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