AQ Lasertool OU acquires Foleshill Metal Finishing OU in Estonia
AQ Lasertool OU has today signed an agreement with Foleshill Metal Finishing OU to acquire the business assets of the company.
Foleshill Metal Finishing OU is a leading provider of powder coating, E-coating, and metal finishing for automotive and commercial vehicles. The company employs about 30 people.
The operations will be taken over on April 1 and it will continue in the current location in Viimsi, Estonia.
"The acquisition is made to broaden AQ Lasertool's capabilities in sheet metal production and to gain competence in metal finishing processes for the automotive industry. AQ Lasertool, with operations in Parnu and Viimsi, will become a world class supplier to demanding customers" says Claes Mellgren, CEO of AQ Group.
20 March 2014
Foelshill Metal Finihsing will continue its operations in UK. Please go to www.foleshill.co.uk