GF Divests Iron Foundry to Linamar for EUR 45M, Focusing on Core Business
GF, a Swiss company with a rich history dating back to 1802, has announced a significant divestment. The transaction, valued at approximately EUR 45 million, involves most of the business of its iron foundry, Gussstahlwerk St. Antony. Linamar, a Canadian multinational corporation, is the buyer, further expanding its global footprint.
The foundry, established in 1966, specializes in producing complex, large-scale components for off-highway vehicles. It serves the construction, agricultural, and forest machinery industries, employing around 300 people and enjoying an excellent reputation among its customers.
GF, with about 15,700 professionals and a presence in 46 countries, generated sales of CHF 4,776 million in 2024. The company, listed on the SIX Swiss Exchange, is reshaping itself to become the global leader in Flow Solutions for Industry, Infrastructure, and Buildings. GF's CEO, Andreas Müller, sees this divestment as a milestone in this transformation, enabling the company to focus on its core business.
The divestment, signed on 30 July 2025, sees Linamar, which operates 75 manufacturing facilities in 19 countries with about 34,000 employees, acquire most of the foundry's business. This deal allows GF to concentrate on its Flow Solutions sector, while Linamar expands its portfolio in the off-highway vehicle components market.
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