INTOCAST AG continues on its expansion course
INTOCAST acquires the traditional Slovakian company Slovmag and ensures constant access to raw materials and faster delivery times for its customers
On 17 February, the INTOCAST Group and the Slovakian Slovmag a.s. sealed the merger of the two companies, which has now also been approved by the anti-competition commission. INTOCAST Slovakia a.s. takes over 99.62% of the company for the production of monolithic and shaped refractory products with currently approx. € 50 million turnover/year from the Magnezit Group.
The traditional company Slovmag a.s. not only contributes over 50 years of experience in the industry, but also its own mines for the extraction of raw materials, thus strengthening INTOCAST's core product range. The extraction from its own mines not only ensures the group constant access to raw materials within Europe, but also enables it to flexibly meet the growing customer demand for quality products and drastically reduce delivery times.
The Managing Director of INTOCAST Slovakia and designated COO of Slovmag a.s., Alexander Novota, expects a quick integration of processes and implementation of technical solutions and products with noticeable added value for the existing customers of Slovmag and INTOCAST. Both companies already work according to ISO-certified processes in quality and environmental management. In addition, INTOCAST, which is a medium-sized company, is geared towards serving individual customer needs quickly and designing necessary products, technical solutions and services flexibly.
As a specialist for refractory products, INTOCAST AG is also continuing its global expansion course with this latest acquisition. The focus of this medium-sized group of companies is on the sustainable expansion of long-term customer relationships by guaranteeing product and service quality, stable delivery capability through capacity expansion and direct access to raw materials, as well as innovative overall solutions for optimising the use of resources.
For Matthias Normann, CEO of the INTOCAST Group, the takeover is a further step for this specialist group to ensure high quality and resources while continuing to grow very close to the customer and in the upper medium-sized business sector.