HA Group bundles commercial activities in Mexico
Successful creation of new joint venture with Garmi: HA Quimica de Mexico
DÜSSELDORF, Germany / Monterrey, Mexico / - (July 1, 2019)
Hüttenes-Albertus Chemische Werke GmbH (HA) and Garmi del Norte S.A. de C.V. (Garmi) today announced their new joint venture, which will be serving the Mexican foundry industry. With this transaction HA Group will bundle all its commercial activities in Mexico in the new corporation named HA Quimica de Mexico S.A. de C.V. (HAMEX).
HA-International LLC (HAI, a HA Group company) is the market leading manufacturer and supplier of foundry resin systems, resin coated sand for shell molding and refractory coatings for North America. Garmi, a market leading manufacturer, distributor and supplier of foundry products and logistical services in Mexico, has been a longstanding representative of HAI in the northern region of Mexico.
"This new joint venture with our long-standing partner GARMI represents an important step for the HA Group, and further strengthens our global foundry leadership position in Mexico", said Franz Friedrich Butz, President of HA and Chairman of the HAMEX Board. Christoph Koch, President of HA adds "The joint venture with Garmi demonstrates our long-term commitment as a solutions provider that is well positioned to deliver sustainable customer value within the foundry industry, while broadening our product portfolio and providing innovative technologies and individual services to our customers in Mexico".
"We have operated in close relationship for almost thirty years and together have developed the Mexican business into an industry leader," said Mike Feehan, President and General Manager of HAI. "The continued successful relationship between the HA Group and Garmi will flourish within the new joint venture, as the operations have been well established and HAMEX will offer an even broader range of products and services."
Rodrigo de la Garza, CEO of the new joint venture, also keenly welcomes the creation of HAMEX: "It has been a privilege to work along side by side with the HA Group for many years now developing and supporting the Mexican foundry industry. Combining our capabilities, products and services in one company, we see with great enthusiasm and optimism the next steps of our joint future. This will certainly bring new and better possibilities to our customers and our industry."
Based in Düsseldorf, Germany, Hüttenes-Albertus Werke GmbH reaches back for more than 100 years and is a leading international manufacturer of chemical products for the foundry industry. With more than 2,000 dedicated employees in more than 30 countries the HA Group develops and produces foundry chemical solutions for customers around the world. Additional information about HA and its products is available at www.huettenes-albertus.com.
Based in Monterrey, Mexico, Garmi del Norte S.A. de C.V. is a leading manufacturer, distributor and supplier of foundry products and logistical services in Mexico. The de la Garza family controls Garmi and its affiliated companies. Additional information about Garmi del Norte S.A. de C.V. and its products and services is available at www.garmidelnorte.com.
HA Quimica de Mexico S.A. de C.V. is a newly created joint venture between HA (51%) and Garmi (49%) to serve the Mexican foundry industry.
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Mauricio Ruiz Bosch
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Rodrigo de la Garza