The Renaissance of Swissmetal
Swissmetal Industries Ltd announces the acquisition of the assets (excluding real estate) of Baoshida Swissmetal Ltd (BSM), a specialist in the manufacture of copper alloys for industries, including connectors, screw machine parts and power generator.
As part of a structured asset sale process, Swissmetal Industries Ltd acquired the assets (excluding real estate) and took over the activities of Baoshida Swissmetal Ltd. The transaction was completed today and takes effect on August 1, 2019. It was approved by the commissioner and authorized by the competent court.
The industrial and commercial activities are continuing without interruption, which ensures a continuity of production and service for the customers. Swissmetal Industries Ltd takes over all the staff, including the 160 people at the two current sites of Reconvilier and Dornach.
An industrial grouping on the Reconvilier site is planned for 2024-2026.
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