Industry News


'Innovation Leads The Way': Texmo Precision Castings To Acquire Majority Share In Feinguss Blank In Move That Will 'Set The Benchmark' In Investment Casting


• Texmo Precision Castings is acquiring a majority share in Feinguss Blank. After the takeover, the company will rebrand to Texmo Blank.


• Texmo Blank will be the only investment castings specialist capable of manufacturing in the USA, Europe and Asia, offering international expertise and giving clients a global advantage.


• Combined expertise of Texmo Precision Castings and Feinguss Blank means Texmo Blank will innovate within the industry; utilising progressive technologies to set the benchmark for quality and sustainability.


• Texmo Blank brings premium investment casting expertise and quality to a larger customer base.


• New combined offering will include vacuum casting, turbo charging technology, mechanical engineering and assembly.


• New website lauched texmoblank.com


to


In what is expected to be a boost innovation


within castings industry, the investment Texmo Precision


Castings has today announced that it is to acquire a majority share of German company Feinguss Blank. Following the acquisition, the


company will trade as Texmo Blank: the only investment castings specialist capable of manufacturing in the USA, Europe and Asia. Texmo Blank combines the history and manufacturing excellence of Feinguss Blank, with Texmo Precision Castings' like-minded focus on quality precision casting, as well as its customer base and infrastructure. The company will employ a skilled workforce of more than 1,750, and utilise 1,000,000 sq. ft. of manufacturing space across three continents. The participation will lead to synergy effects and growth. The specialisations


34 ❘ November 2023 ®


of the individual companies in the automotive,


industrial solutions,


medical technology and aerospace sectors united under the Texmo Blank umbrella will make it possible to serve an expanded customer segment. The Texmo Blank Group can draw on expertise and innovations from more than 130 years of combined experience. Customers will optimally benefit from Texmo Blank because the group will continuously invest in its processes and thus ensure cost efficiency. Both companies have reputations as


family-run firms with a focus on quality over all else. The collaboration between firms will see the standard of casting synonymous with both Feinguss Blank and Texmo Precision Castings preserved, as well as greater sustainability for Texmo Blank as a whole. The Blank family will continue to hold a minority share in Texmo Blank Germany. Arjunan Ramachandran, Managing


Director Texmo Precision Castings, said: "It gives me great pleasure to be able to announce our new collective identity as Texmo Blank. The opportunity to join forces with a firm as respected as Feinguss Blank is an exciting one for everybody involved, and innovation will lead the way as we grow together. "Few companies can match of Texmo


the combined knowledge


Precision Castings and Feinguss Blank when it comes to quality and service in investment casting. By combining expertise, experience and passion, Texmo Blank will operate on a global scale and provide a wider range of products and services to a broader customer base. Our growth and resources will also enable us to continue to support our customers with world- class delivery times, a superior service offering and cost efficiencies." For more information, and to


arrange interviews, please contact: press@texmocastings.com Visit texmoblank.com


Investment Casting Institute Introduces Jennifer Cioffoletti as Staff Associate


In her role as Staff Associate,


Jenn’s key responsibilities are to support the ICI Accountant, database management, ICI events and other office tasks. Jenn’s prior experience is a natural


fit for the Institute with her accounting and manufacturing background. She worked for over 5 years as the office manager for EJC Systems where she handled accounting, purchasing and payroll


duties for the engineering


firm. Her prior experience also includes time spent at Mercedes- Benz USA, optimizing processes for deliveries to over 300 retail locations and managing vendor relationships. While at Volvo Finance NA, she performed contract audits, general ledger reconciliations and maintained retailer promotional rebates. Jenn was certified as a Six-Sigma Greenbelt for her IT project improving the contract auditing system ensuring payment allocation accuracy.


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