Signicast announces European expansion
Signicast (Charlotte, North Carolina), a Form Technologies company, announced it has signed an agreement to acquire CIREX, a European investment casting specialist based in the Netherlands from Amsterdam-based companies Convent and Nedvest.
In a news release, Signicast said "the CIREX acquisition will enable Signicast to better serve its growing international customer base with the highest quality precision cast components in the market. In addition to Signicast's existing three facilities in the U.S., the combined operation will now have plants in the Netherlands, Czech Republic, and Slovakia."
"Consistent with the vision when Signicast was acquired by Form Technologies, the addition of CIREX globalizes the footprint outside the United States into European markets, expanding our services into that region. CIREX is the second acquisition to join the Signicast business following the acquisition of Consolidated Casting Corporation in 2018," said Clayton Tychkowsky, CEO, Signicast. "It provides us the ability to service global customers seeking a Signicast precision engineered solution outside of North America.
"This acquisition is a transformational moment for Signicast, representing our first step toward taking our brand global and adding capacity for both existing and new markets. We are excited to have the CIREX employees join our division."