Czech Precision Forge has new owners

Czech Precision Forge a.s., a Pilsen-based forge specialising in die and open-die forging, will have new owners as of 1 November 2023. These are the MANSAKO Group, CE Industries and the MaeG Investment SICAV investment fund, managed by the consultancy firm Moore Czech Republic.

The three investors are purchasing a 100% stake in the company from the current co-owners Vladimír Rada, Henry Drew Danzinger and Joshua Michael Levy. MANSAKO has become the majority owner with a 75% stake, CE Industries holds 15% and MaeG Investment 10%. The transaction price is undisclosed.

The new owners have praised the unique technologies and experienced workforce, but have identified a lack of automation. The investors’ aim is to develop the traditional Pilsen-based forge in the long term, invest in technology, increase productivity and attract new customers across various industrial sectors.

MANSAKO acts as the parent company of DEL, offering automation and digitalisation solutions for industrial manufacturing. CE Industries operates as a diversified industrial group. The company manufactures forged components for the energy, marine, transport, aerospace and oil industries.