Chinese investors indirectly take over Romanian aluminum parts manufacturer
<p>Romanian company Alu Menziken, which specialized in producing semi-finished products and components made from aluminum – part of the Montana group founded by the Austrian entrepreneur Michael Tojner – was bought beside the entire group by the Chinese group Inner Mongolia Mengtai Group, according to an announcement made by the law firm Nestor Nestor Diculescu Kingston Petersen (NNDKP) as a buy-side consultant.</p>

<p>The completion of the transaction is subject to obtaining standard approvals from the regulatory authorities, <a href="https://www.zf.ro/companii/tranzactie-industrie-fabrica-extrudare-aluminiului-satu-mare-afaceri-22413985?mc_cid=b766dee5ca&amp;mc_eid=cd1f92f96c" rel="noopener" target="_blank">Ziarul Financiar</a> reported.&nbsp;The terms of the deal were not disclosed.</p>

<p>Alu Menziken is a company that operates in Romania as part of the Alu Menziken Group, which is a Swiss-based company. The company specializes in the production of high-quality aluminum products.&nbsp;</p>

<p>In Romania, Alu Menziken operates a plant focusing on aluminum extrusion, aluminum processing, automotive components manufacturing, and aerospace components manufacturing. It has a turnover of around EUR 100 million per year.</p>

<p><em>iulian@romania-insider.com</em></p>

<p><em>(Photo source: <a href="https://www.dreamstime.com/" rel="noopener" target="_blank">Dreamstime.com</a>)</em></p>