TEXMO BLANK – A SUSTAINABLE GLOBAL FORCE
Texmo Precision Castings is delighted to announce a historic achievement for all of us. We have signed an agreement with Feinguss Blank, a market leader in investment castings. Our company has acquired a majority stake in Feinguss Blank to create a new group that will operate under the name Texmo Blank.
The closing of the transaction is subject to customary regulatory approvals.
The completion of this agreement will create a group that has manufacturing capabilities in Asia, Europe, and the US. Texmo Blank will have the best combination of process competencies, latest technologies, long-standing expertise in the industry, and a passion for excellence.
The Texmo Blank group has over 130 years of combined experience and marks a synergy of two companies that have remarkably similar history, and corporate culture. Both Feinguss Blank and Texmo Precision Castings are family-run companies with a reputation for being employee-centric. Texmo Precision Castings, like Feinguss Blank, has always placed the development of the company as the primary focus of all operations.
Arjunan Ramachandran, Managing Director of Texmo Precision Castings puts the global presence of Texmo Blank in perspective:
“It gives me great pleasure to continue our journey towards becoming a global company together with Feinguss Blank. The opportunity to join forces with such a respected company as Feinguss Blank is exciting for all involved and innovation will lead the way as we grow together. Few companies can match the combined knowledge of Texmo 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. As companies that are like-minded in many ways – from a shared commitment to sustainability and quality to a family-led culture – Feinguss Blank and Texmo are a perfect fit. This provides the basis for joint growth. I am convinced that Texmo Blank will inspire the investment casting industry.”
Juliane Blank, Managing Director of Blank Holding GmbH talks about the families coming together:
“For more than 60 years, Feinguss Blank has made a name for itself in the investment casting world that is well-known in German-speaking countries, but now also far beyond. In doing so, the Blank family has always put the well-being and further development of the company in the foreground. “The continuous globalisation of the last 30 years shows a clear trend that makes it necessary for a company like ours to position itself worldwide in order to be successful. We are very happy to be working with the Texmo Group and the Ramachandran family to make Blank a strong global company. We are particularly pleased that two family businesses have found each other here, based on similar values and history, and can thus combine their strengths globally.”
The Texmo Blank Group has all elements to deliver high quality products and services because of:
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1750 qualified staff
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100,000 square metres of production area
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A presence in three continents – Europe, Asia, and USA
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Combination of portfolios that allows us to serve customers in sectors such as medical technology, industrial solutions, automotive, aerospace, and many others
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Higher cost efficiencies and
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A stronger presence in the investment castings space.
About Feinguss Blank:
Feinguss Blank is synonymous with world-class German engineering quality. The company’s origins date back to 1960. Today, it is known for high-quality investment castings for the automotive and industrial sectors. Along with its location in Riedlingen, Germany, the home of the Blank family, the company also has a facility in Romania where the Swabian inventive spirit continues to be the driving force behind an innovative and dedicated manufacturing concept. Feinguss Blank also supports the Riedlingen area through the Blank Foundation.
About Texmo Precision Castings (UK) Limited:
Texmo Precision Castings is a family-owned investment casting specialist that grew out of Texmo Industries, which was founded in 1956 in Coimbatore, India, a city known for its entrepreneurial spirit. Today, it has a turnover of over $200 million and a global reputation for world-class precision casting products in the industrial, medical, and automotive sectors. The culture of all Texmo companies includes a strong social commitment that puts the community and people at the centre.