MAG acquires Forest Line Industries, aerospace manufacturing expertise
MAG, a machine and tool systems company, acquired Forest Line Industries Group, a French company that manufactures systems for aerospace applications, dies/molds, large parts, titanium and composites processing.
MAG acquired Forest Liné Industries Group (FLI), a French company that manufactures systems for aerospace applications, dies/molds, large parts, titanium and composites processing. The company reportedly specializes in composite wing and wing box applications, and operates sites in France, Germany, China and Canada, employing about 300. Jean Bertrand Prot will continue as president and CEO of FLI and join the MAG executive board.
"This acquisition gives MAG another significant point of access to aerospace composites technology, manufacturing resources and demonstration facilities, as well as additional market and customer segments," said Dan Janka, President of MAG Global Industrial Systems. "Liné has always been an innovator, and its technology portfolio is highly complementary with our own, so we anticipate a wide range of new opportunities to result from this acquisition."
Like MAG, Liné is a supplier of both automated tape laying and fiber placement systems. Lightweight and rigid composites are widely used throughout the aerospace industry and in renewable energy systems, such as wind turbines. "MAG enthusiastically looks forward to increasing demand in the wind industry over the next few years, and has strongly positioned itself for growth in all segments of renewable energy, as well as the automotive sector, for which we have developed new composites production technology," Janka added.
MAG, through its European business, MAG Europe GmbH, with headquarters in Göppingen, Germany, has acquired 100 percent of the shares in the Forest Liné Group.
- Edited by Chris Vavra, Control Engineering, www.controleng.com
- Events & Awards
- Magazine Archives
- Oil & Gas Engineering
- Salary Survey
- Digital Reports
- Survey Prize Winners
- CFE Edu
Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey