GF signs agreement to divest aerospace and industrial gas turbine operations to US-based CPP

Georg Fischer (GF), a Swiss industrial company listed on SIX Swiss Exchange (ticker: GF), has entered into an agreement to divest its aerospace and industrial gas turbine investment casting foundry to US-based Consolidated Precision Products Corp. (CPP), a leading manufacturer of highly engineered castings and components for the aerospace, defense and industrial gas turbine sectors. The transaction is expected to generate cash proceeds of approx. CHF 220 million. Closing is expected to take place towards the end of the year, subject to customary closing conditions.

The divested business is operated through the Precicast-Group, held by GF Casting Solutions Industrial SA, with approximately 600 employees across sites in Novazzano, Stabio (Switzerland) and Arad (Romania) producing components for aerospace and industrial gas turbines. It formed part of the former GF Casting Solutions division, the majority of which was divested on 12 February 2026. 

Niederer Kraft Frey acted as lead counsel to GF on the divestment and related carve-out, building on its ongoing role as GF’s lead counsel across a series of divestment mandates in connection with the former GF Casting Solutions division, most recently the divestment of its automotive business completed on 12 February 2026.

GF is an international industrial and publicly listed corporation with its headquarter in Schaffhausen (Switzerland). GF is active in the fields of piping systems, building flow solutions and casting solutions. With this transaction, GF will have completed the divestment of all non-core operations on its path to becoming a global leader in Flow Solutions. 

CPP is headquartered in Cleveland, Ohio, and operates over 20 locations across the United States, Mexico, Poland, Belgium and Slovakia, employing approximately 5,800 people. 

The NKF team was led by Transactions partner Philip Spoerlé, working alongside partners Ulysses von Salis and Andrea Giger, associates Victoria Hotz and Peter-Conradin Schreiber (all Transactions), partner Thomas Hochstrasser (Commercial), partner Nicolas Birkhäuser  and junior associates Xaver Dill and Fabrizio Sorgesa Frener (all Antitrust), partner Janine Reudt-Demont and associate Luisa Egli (both IP/IT/Data Protection/Regulatory) as well as counsel Marc Vogelsang (Tax). NKF was supported by Cerha Hempel in Austria and Romania, led by Dr. Albert Birkner, and Nestor Nestor Diculescu Kingston Petersen in Romania.