LISI AUTOMOTIVE has confirmed the closing of the sale of its subsidiary Mohr & Friedrich GmbH situated in Vöhrenbach, Germany to ZerobaseInvest Holding GmbH on the 30th June 2020.
Mohr & Friedrich, which achieved sales of €14.8 million in 2019, is specialised in hot forging and produces nuts and spacers - in particular for the truck and trailer market. For LISI AUTOMOTIVE this transaction represents a further milestone in its repositioning strategy towards innovative and higher valued added fastening solutions and components. For Mohr & Friedrich a new phase begins with a stronger focus on developing business uniquely suited to its advanced hot forging and machining capabilities as an agile Mittelstand German-owned enterprise.
LISI AUTOMOTIVE will continue to purchase hot-forged parts for its French Automotive customers from Mohr & Friedrich and wishes the company all success in developing its business around its distinctive strengths.
Having spent a decade in the fastener industry experiencing every facet – from steel mills, fastener manufacturers, wholesalers, distributors, as well as machinery builders and plating + coating companies, Claire has developed an in-depth knowledge of all things fasteners.
Alongside visiting numerous companies, exhibitions and conferences around the world, Claire has also interviewed high profile figures – focusing on key topics impacting the sector and making sure readers stay up to date with the latest developments within the industry.
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