Austrian Entrepreneur Michael Tojner Sells Alu Menziken, with Aluminum Profile Plant in Satu Mare, to China’s Inner Mongolia Mengtai Group

The deal is pending approval by ruling authorities, with the purchase price not being disclosed.

The project was coordinated by law firm HEUKING of Germany.

Alu Menziken group includes Alu Menziken Group AG, Reinach (Switzerland), Alu Menziken Euromotive GmbH, Ranshofen (Austria), Alu Menziken SRL, Satu Mare (Romania) and Alu Menziken Germany GmbH, Dillingen (Germany).

In Romania, Alu Menziken for 2023 reported turnover worth RON477.6 million (EUR96.6 million), down 6.7% from 2022.

It ended the year with net profit of RON62.3 million (EUR12.6 million), up 46.5% from 2022.

(English version by Catalina Apostoiu)