Royal IHC and German company Dihag Holding GmbH have jointly acquired the Belgian steel and iron foundry, Allard-Europe NV. IHC and Dihag each take an equity stake of forty and sixty per cent respectively.
Through this acquisition, IHC hopes to be able to realise a reliable supply chain (competitive on price, quality and delivery time) for strategically important casting products, as well as improve its product development capabilities.
Allard-Europe
At its foundry in Turnhout, Allard-Europe casts high-grade steel and iron components, which it then supplies to various markets including dredging, offshore and shipbuilding. The company specialises in bespoke products and short production runs.
Dihag
Dihag, an experienced operator of foundries, does not yet operate in this market segment and intends to implement a number of operational revisions, after which an improved market position and a growth in revenues is expected. Dihag owns ten foundries, employs approximately 2000 people.
