Nemak announced today that it has entered into a definitive agreement to acquire the automotive business of GF Casting Solutions, a Swiss-based leader in lightweight casted components.

By incorporating more post-consumer scrap into the production process, Nemak and Hydro will enhance circularity and reduce the carbon footprint of the foundry alloy aluminum products delivered
to Nemak.

Nemak will remain part of the Dow Jones Sustainability MILA Pacific Alliance Index, comprised of companies with leading economic, social, and environmental practices in Latin America.