Walor North America Inc. Strengthens Position with TSM Corporation Acquisition

Munich-based company Mutares SE & Co. KGaA announced that its subsidiary, Walor North America Inc., has acquired TSM Corporation from HCI Equity Partners and minority shareholders. This strategic move enhances Mutares' presence in the North American market under the FerrAl United brand.

TSM Corporation, located in Auburn Hills, Michigan, with additional operations in Ramos Arizpe, Mexico, is a leading manufacturer specializing in precision machining for the automotive industry. In 2024, TSM reported revenues around USD 120 million, employing 240 individuals.

This acquisition aligns with Mutares' strategy to expand globally, particularly in the Automotive & Mobility sector. It strengthens relationships with major OEMs and Tier 1 suppliers, positioning Mutares for further growth through enhanced capabilities in precision manufacturing.