AMAG Austria Metall AG is acquiring a 70% share of Aircraft Philipp Gruppe (ACP). Headquartered in Übersee/Chiemsee, Germany, ACP manufactures assembly-ready metal parts for the aviation and aerospace industry.
“We are pleased to be integrating such a first-class company as ACP into the AMAG Group,” said Gerald Mayer, CEO of AMAG Austria Metall AG. “AMAG and ACP are established suppliers to the aviation industry, and thereby well positioned to meet the most stringent demands on quality and schedule and delivery performance.”
With 50 years of experience and locations in Germany, Israel, and India, ACP is outfitted for the machining and processing of aluminum and titanium components for the aerospace industry. The company’s core competencies include metal cutting, sheet metal working, and additive manufacturing. In 2019, ACP achieved EUR 50 million in revenue. The company has a workforce in excess of 200 employees.
With the acquisition of the majority of ACP’s shares, AMAG is now extending its capabilities in the direction of mechanical processing (such as milling and drilling) and the manufacturing of special components. This combination — with the acknowledged AMAG competencies of areas of rolling, casting, and recycling — represents a unique sustainable value chain. This comprises of the resource-saving, closed-loop-recycling of plate off-cuts and chips from milling processes. It also represents an improved buy-to-fly-ratio (expresses the relationship between the weight of the purchased raw material and the weight of the final part) and optimized logistics along the entire value chain, resulting in a considerably reduced CO2-footprint.
“AMAG is an innovative premium supplier of aluminum flat rolled products made of sustainably produced primary material and a focus on specialty products,” noted Mayer. “With the acquisition of ACP we are extending the AMAG value chain to the benefit of our customers. For the first time, in addition to rolled, semi-finished products, we are now also offering mechanically processed finished products. Based on a stable ownership structure, the aim is to further expand the joint product portfolio and in the future to also make these offerings available to additional sectors and industries.”
The takeover is expected to be completed in late autumn. The Aircraft Philipp Group will be retained as an entity and will operate as an independent company of the AMAG Group. Rolf Philipp, the sole owner to date will retain 30% of the joint company and will be involved in further strategic developments in the aviation sector.