Mirai Casting Group
Overview
Valore executed a complex, multi-jurisdictional carve-out of Mirai Casting Group from Proterial, Ltd. Mirai is a premier Tier-1 supplier of high-grade ductile iron castings and advanced engineering components for the global automotive and heavy commercial vehicle markets.
Situation at Acquisition
Operated as a non-core subsidiary of a global conglomerate.
Resilient financial performance in a challenging macro environment.
Burdened by a complex IT infrastructure that did not serve the company's needs.
Valore Execution
Structured and executed a highly complex, multi-jurisdictional transaction.
Executed swiftly on standalone initiatives to create an IT and human capital environment fit for purpose.
Trusted and empowered a talented, existing leadership team to grow aggressively while standardizing reporting and benchmarking processes.
"
For more than a century, we have developed deep expertise across the areas of material science, product design, engineering and manufacturing. At the core of these strengths are our people, whose knowledge and passion have been the driving force behind our success and remain our greatest assets. Under new ownership, Mirai is committed to continuning to serve our customers aroung the world as we pursue our goal of creating a brighter future through casting and materials excellence.
Toru Iwanaga
President
