After taking an initial stake in October 2020, AMAG Austria Metall AG is now acquiring the remaining 30 percent of the German company Aircraft Philipp (ACP), based in Übersee am Chiemsee. With this acquisition, it will be the sole owner from January 1st,2022. With the takeover complete, the company name will also change to AMAG components.
This name represents the expansion of AMAG’s product portfolio into components and ready-to-install aluminum and titanium components for the international aerospace industry. The combination of the foundry and rolling mill in Ranshofen with mechanical production at the two AMAG components sites in Übersee and Karlsruhe, together with AMAG’s high level of expertise in recycling, is unique in the world. It also allows closed material cycles. The chips and cuttings produced in machining are recycled in Ranshofen, minimizing the carbon footprint in the aviation industry.
AMAG components boasts more than 60 years of experience in the aerospace industry and in aluminum and titanium machining. With this acquisition, the AMAG Group is joined by a top-class company with a high degree of specialization and innovation.