In a move that will expand the precision casting leader's footprint outside the US, Signicast, a Form Technologies company, has announced that it has signed an agreement to acquire CIREX, a European investment casting specialist based in the Netherlands, from Amsterdam based investment companies Convent and Nedvest.

In a move that will expand the precision casting leader’s footprint outside the US, Signicast, a Form Technologies company, has announced that it has signed an agreement to acquire CIREX, a European investment casting specialist based in the Netherlands.
At a time when industry-leading manufacturing customers are demanding precision components to higher quality standards and tighter timeframes, the CIREX acquisition will enable Signicast to better serve its growing international customer base with the highest quality precision cast components in the market. In addition to Signicast's existing three facilities in the US, the combined operation will now have plants in the Netherlands, Czech Republic, and Slovakia.
Both companies have reputations for their customer focus and in-house expertise, and CIREX capabilities will add to Signicast's skill in automating production to deliver finished high-precision components in a fraction of the time of traditional investment casting methods.
Welcoming the acquisition, Clayton Tychkowsky, CEO, Signicast said, "Consistent with the vision when Signicast was acquired by Form Technologies, the addition of CIREX globalizes the footprint outside the United States into European markets, expanding our services into that region. CIREX is the second acquisition to join the Signicast business following the acquisition of Consolidated Casting Corporation in 2018. It provides us the ability to service global customers seeking a Signicast precision engineered solution outside of North America. This acquisition is a transformational moment for Signicast, representing our first step toward taking our brand global and adding capacity for both existing and new markets. We are excited to have the CIREX employees join our division."
"The acquisition brings CIREX within the Form Technologies family of precision engineering businesses and will give existing CIREX customers access to the full range of capabilities offered by Signicast, Dynacast, and OptiMIM. The new combined operation will also benefit from the Form Operating System, a platform for ensuring customers get the highest precision components, market-leading advice and expertise, and rock-solid business stability," said Jeroen Spoelder, Managing Director, CIREX.
Tim Kreté, Investment Manager Nedvest said, "We are pleased to have found a new owner for CIREX in such an exceptionally well-run company such as Signicast. It will provide exciting opportunities for management and the employees of CIREX, with whom we have had the pleasure to work with over these past years, to further expand the business in Europe."
William Blair acted as the sole financial advisor to the sellers. In addition, Corp Lawyers acted as legal advisors and Deloitte provided the vendor financial due diligence.
www.signicast.com