We advised Keycast Group on the sale of 100% of its subsidiary Keycast Kohlswa, a leading Swedish steel casting manufacturer, to the Norwegian industrial group Stavanger Steel.
Keycast Group is a medium-sized Swedish industrial group owned by the US diversified industrial holding group American Industrial Acquisition Corporation (AIAC). In its desire to reorganise its business activities, Keycast Group intended to sell its non-core industrial subsidiary Keycast Kohlswa in a carve-out, presenting relatively limited issues since the company was already run independently.
Incorporated in 1986 and based in Kolsva, Keycast Kohlswa is a leading Swedish steel casting manufacturer specialised in four key strategic business areas, including on-road equipment, forestry machines, energy equipment and special equipment. It has developed a proven know-how in the production of critical components with a few flagship products such as crane pillars, delimbing knives or heavy truck rear axis and has established longstanding relationships with blue-chip customers who are leaders in their respective industries, such as John Deere, Cargotec-Hiab, Ponsee, and Komatsu.
Keycast Kohlswa has around 60 employees, and product manufacturing relies on a shell moulding facility of 8,350 sqm with a capacity of 6,000 tons per annum.
This transaction will allow Keycast Kohlswa to grow more efficiently under the new ownership of Stavanger Steel, a Norwegian manufacturer specialised in cast and forged steel products for marine, chemicals, oil & gas and energy. The acquisition will also bring capabilities and add complementary end-markets to Stavanger Steel’s business.
