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Montana Tech Components AG buys Universal Alloy Corporation
Menziken, March 5, 2008 - Montana Tech Components AG bought the American Universal Alloy Corporation from the Alu Menziken Group. The business units Aerospace Europe and Industrial Components will be organizationally clearly separated.
Montana Tech Components AG adds three industry experts to its Supervisory Board: Mr.Raidl, Mr. Quandt and Mr. Höhener
Menziken, February 14, 2007 - Montana Tech Components AG (MTC) will expand its Supervisory Board at the extraordinary general meeting in Zurich on February 25, 2008. Dr. Claus Raidl, Sven Quandt und Emanuel Höhener will then join the Supervisory Board. The three new board members are renowned industry experts with many years of experience in the sector.
CFO of Palfinger becomes new CFO
Menziken, December 21, 2007 – As of February 1st, 2008 Montana Tech Components AG appointed Eduard Schreiner as Chief Financial Officer (CFO).
Offer to minority shareholders of Alu Menziken Holding AG in 2008
Menziken, December 19, 2007 - Montana Tech Components AG considers to alternatively submit the shareholders of Alu Menziken Holding AG a swap offer
Supervisory Board of Alu Menziken Holding AG resolves to further expand Swiss unit
Menziken, November 14, 2007 – The Supervisory Board of Alu Menziken Holding AG held a meeting on November 6, 2007, at which it took several decisions regarding the realignment of the company aimed at strengthening the Swiss unit of Alu Menziken Group. Furthermore, the Supervisory Board was informed that a Swiss subsidiary of Montana Tech Components AG plans to make an offer to the minority shareholders of Alu Menziken Holding AG. Hereinafter the board decisions and the shareholder offer will be outlined.
Supervisory board of Alu Menziken Holding AG resolves realignment to promote the further development of its Swiss unit
Menziken, November 7, 2007 - The supervisory board of Alu Menziken Holding AG decided at the board meeting on November 6, 2007, to realign Alu Menziken Group to promote its Swiss activities. Furthermore, the Supervisory Board was informed that a Swiss subsidiary of Montana Tech Components AG plans to make an offer to the minority shareholders of Alu Menziken Holding AG.
Montana Tech Components AG takes over Alu Menziken Group
Menziken, July 5, 2007 – Montana Tech Components AG in Menziken takes over the majority of the family-owned Alu Menziken Holding AG from the Gautschi family. The transaction comprises 52 % of the capital and 73 % of the voting rights. Both parties agreed not to disclose the purchase price. The new owners aim to promote the further development of the area Wynental valley, in the canton of Aargau, Switzerland as a location of technology and production. Furthermore, they intend to continue the already initiated investment program which comprises CHF 30 m. The number of jobs will be maintained. The minority shareholders will receive an offer for their Alu Menziken shares by the end of 2007, at the latest.