European Aerospace Aluminum Firms Merge In Integration Play

Aircraft Philipp MD Rolf Philipp (left) and AMAG Austria Metall AG CEO Gerald Meyer
Credit: AMAG Austria Metall AG
AMAG Austria Metall said it is acquiring a 70% share of the German company Aircraft Philipp Gruppe (ACP)—more vertically aligning expertise in the machining of aluminum and titanium for the aerospace industry along with aluminum rolling, casting and recycling. AMAG said the move would create value...

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