Elkem, an overseas enterprise affiliated with Bluestar, declared to acquire TM Technology Ltd, a world-leading special alloy supplier in the UK, and its foundry alloy business.
TM Technology Ltd is an integral part of the Tennant Metallurgical Group Ltd in the UK. It was established in 1794. Headquartered in Dronfield, TM Technology Ltd has developed Tenbloc? as a well-known product in the mould inoculant area which provides consistent, reliable and cost-effective inoculation for ductile and grey iron. After the acquisition, TM Technology Ltd will be renamed as Elkem Dronfield Ltd.
As a world-leading manufacturer of foundry products, Elkem has been committed to providing a wide range of inoculants, MgFeSi alloys and a complete set of foundry solutions for customers in the cast iron industry. This acquisition will further increase the strategic position of Elkem in the foundry industry, broaden the special products line and better meet customer needs.
Roland Hennigfeld, Elkem Global Sales and Market Director, said that Elkem's customers need different solutions in the process of casting. This acquisition will help Elkem provide higher-quality products and technical services for customers and assist them in increasing their market competitiveness.