Albert Weber acquires German aluminium die casting company Ritter Leichtmetallguss

Dusseldorf – CFI is pleased to announce that it acted as exclusive financial advisor to Albert Weber in its acquisition of Ritter Leichtmetallguss

ALBERT WEBER (“AW”) generates a turnover of approx. EUR 270 million with around 750 employees at 8 locations and is 100% owned by the Weber family. AW has been manufacturing complex drive components for the automotive industry for over 50 years with a focus on casting, machining and assembly. Within the framework of the “EMISSION ZERO 2040” strategy, the company is now being transformed in the direction of new mobility and energy as well as new fields of application (e.g. medical technology).

Ritter Leichtmetallguss is a German aluminium die casting company focused on automotive engine parts, e-mobility components as well as components in the field of medical technology.

In September 2022, Ritter Leichtmetallguss filed for Insolvency in self-administration largely due to high article diversity with low component complexity and low production efficiency. Moreover, insufficient price level towards existing customers and an unoptimal company size resulted in inefficient use of personnel and declining profitability.

CFI Germany advised on the acquisition process including the negotiation of the asset purchase agreement and the preparation of the takeover concept. This involved detailed financial planning, corporate and financing requirements planning, due diligence, negotiation of trade agreements with OEMs and preparation of talks with potential financing banks.

This transaction closed on 1 August 2023.