The acquisition of Tozmetal Ticaret Ve Sanayi AS (Tozmetal), announced on 13 April, has now completed. The powder metal part manufacturer based in Turkey will expand the global footprint of GKN Sinter Metals, the world’s largest manufacturer of sintered components which now comprises production locations in 10 countries and over 7,000 employees.
Tozmetal focuses much of its output on hydraulic pump components for European automotive customers.
At a celebratory event, employees of Tozmetal were welcomed by Wolfram Messner, President Global Small Segment Operations.
During the event, Messner said: “Tozmetal is an excellent fit and provides increased access to new customers in the Middle East region.
“I am delighted to announce that Mr. Hüsnü Özdüral, who for years has been managing and growing the company successfully, will continue to lead the plant. We will work closely with the local team to make the site a strong platform to help grow our business and support our customers in the region,” Messner added.