Punch Corporation, which Guido Dumarey founded in 1986, specializes in buying “widows,” or struggling businesses that owners are willing to sell at a discount to save jobs.
Among Punch’s current assets are two former General Motors facilities: a transmission plant in Strasbourg, France, and a propulsion engineering center in Turin. Punch says it has preserved 1,000 direct and 3,000 indirect jobs in the Strasbourg area alone, and the plant is supplying BMW and other automakers.
Hear how Guido Dumarey, the founder and CEO of Punch International, is navigating the powertrain transition at this year’s Automotive News Europe Congress in Prague.
