---
title: Seale Advised GIS to Form a Joint Venture for Ditemsa Foundry Tooling Business
description: Learn about the recent joint venture formation between Grupo Industrial Saltillo and NPL Technologies in the foundry tooling business.
---

[Transactions ](https://www.sealeassociates.com/experience/transactions)

# [Seale Advised GIS to Form a Joint Venture for Ditemsa Foundry Tooling Business](https://www.sealeassociates.com/experience/transactions/gis-joint-venture-for-ditemsa-foundry-tooling-business)

 Written by [Sergio Garcia del Bosque](https://www.sealeassociates.com/experience/transactions/author/sergio-garcia-del-bosque) | Jan 3, 2005 2:00:00 PM

Seale & Associates advised Grupo Industrial Saltillo, S.A. de C.V., a leading Mexican industrial company, on the formation of a joint venture for its Ditemsa foundry tooling business with NPL Technologies Ltd., a global tooling manufacturer serving the foundry, aerospace, and other industries.

### About GIS

Grupo Industrial Saltillo, S.A. de C.V. (BMV: GISSA) is one of Mexico’s leading industrial companies operating in the automotive, building products and housewares industries with revenues of approximately US$880 million.

GIS’s automotive business includes the world’s largest non-captive cast iron foundry, an aluminum foundry, and production of small ductile iron casting auto parts. The Building Products Business produces ceramic tiles and water heaters. The Housewares Business produces kitchenware and tableware. For more information, visit [www.gis.com.](https://www.gis.com.mx/)

### About Seale & Associates

Seale & Associates Inc. is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise-level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients’ most complex dealings. For more information, visit [www.sealeassociates.com](https://www.sealeassociates.com/?hsLang=en).

[View full post](https://www.sealeassociates.com/experience/transactions/gis-joint-venture-for-ditemsa-foundry-tooling-business)

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