Texmo Precision Castings, part of the Texmo Group, has announced its acquisition of a major share in the esteemed German company Feinguss Blank, forming the new entity Texmo Blank. This unveiling ceremony took place at Texmo Precision Castings, Coimbatore on 11th Oct, 2023.
Texmo Blank will capitalize on the combined expertise of Texmo Precision Castings and Feinguss Blank, focusing on automotive, industrial, medical, and aerospace sectors. With over 130 years of combined experience, the acquisition aims to foster industry synergy, growth, and innovation.
This strategic move establishes Texmo Blank as the sole investment castings company operating across Europe, Asia, and the USA, boasting a skilled workforce of over 1750 and utilizing 1 million sq. ft. of manufacturing space globally.
Customers can expect enhanced value as Texmo Blank reinvests in processes, ensuring absolute cost-effectiveness. Both companies share a commitment to quality, sustainability, and family-run values, fostering a seamless integration.
Arjunan Ramachandran, Managing Director of Texmo Precision Castings, expressed excitement about the collaboration, emphasizing innovation as the driving force behind their growth. Texmo Blank aims to operate globally, offering an expanded range of products and services while maintaining world-class lead times, customer service, and cost-effectiveness.
Juliane Blank, Managing Director of Blank Holding GmbH, welcomed the collaboration, highlighting the alignment of values and history between the two family-owned companies. The partnership positions Texmo Blank as a strong, global entity, combining strengths to navigate the evolving landscape of the investment casting industry.
Notable dignitaries including Damayanti Ramachandran, Managing Director, Texmo, Arjunan Ramachandran, Managing Director, Texmo Precision Castings, Nandakumar, Managing Director, Selvam Agencies, Alexander Lenert, CEO at FEINGUSS BLANK GmbH, and workers of Coimbatore Texmo group were present in the event.
