Takeover and continuation of Piel & Adey (PIAD) as part of the Breuckmann Group
We have exciting news to share for the Breuckmann Group.
As soon as we learned about the insolvency of Piel & Adey GmbH & Co. KG. and its subsidiaries at the end of 2019, we immediately made an effort to apply to the insolvency administrator Dr. Biner Bähr as a possible buyer.
Directly after our first visit, we realized that the know-how of the employees is the greatest asset of the company. If this knowledge is structured and combined with investment activity and modern management approaches, the company will regain its former strength.
Now, the lengthy and complex negotiations have been completed and a purchase agreement has been signed. The completion of the company purchase will take a few more weeks and is expected to take place on August 1st, 2020.
With the market-leading high pressure die casting experience in the high-temperature range at Breuckmann and the technologically leading gravity die casting knowledge at PIAD, the two most important permanent mould processes – high pressure die casting and gravity die casting – for the processing of copper-based alloys are consolidated within one corporate group.
Thus, the Breuckmann Group is the most comprehensive provider for processing copper-based castings according to customer drawings. Depending on the inquiry, we are able to work out the most economic process together with our clients.