Capstreet, a Houston-based lower middle market private equity firm, has acquired Analytic Stress Relieving Inc. (ASR), a provider of on-site heat-treating services.
Articles: Industry News
AFS Corporate Member ASK Chemicals, Hilden, Germany, has achieved a significant reduction in waste and resource by utilizing production side streams as a raw material source to develop new product formulations.
Bodycote, a UK-based heat treatment and thermal processes company, has acquired Lake City Heat Treating in Warsaw, Indiana, a medical market provider of hot isostatic pressing (HIP) and vacuum heat treatment services, primarily supplying the orthopedic implant market as well as civil aerospace.
Lake City Heat Treating is forecast to have achieved 2023 full year revenues of about $14 million. The business revenue grew 30% in 2023 and looking ahead is expected to continue to deliver good progress.
03.07.24: Wisconsin Aluminum Invests $1.5 Million at Wabash Castings, Reduces Environmental Footprint
Wabash Castings Inc., Wabash, Indiana, has installed a new, $1.5 million JOEST Complete Shaker System that will improve operations and reduce landfill waste. The new shaker system allows the aluminum casting manufacturer to reclaim and reuse approximately 500 tons of sand per month, removing it from the landfill stream.
AFS Corporate Member Aalberts surface technologies, a global provider of specialized thermal processing, surface treatment, and material coating solutions, has made investments in its Canton, Ohio facility to add austempering capabilities that will provide a logistically favorable option to customers located in the Midwest, Eastern, and Northeastern U.S. markets. To balance the capacity available in the market with demand, the company will be closing its plant in Fort Smith, Arkansas.
AFS Corporate Member Metal Technologies Inc. (MTI) of Auburn, Indiana, has acquired Key 3 Casting LLC, which owns and operates two aluminum die and squeeze casting facilities as well as a ductile iron foundry.
The facilities involved in the sale include Jackson Die Casting LLC in Jackson, Tennessee; Minneapolis Die Casting LLC in Minneapolis; and Northern Foundry in Hibbing, Minnesota. The combined operations have approximately $74 million in annual sales and 300 employees.
Skuld LLC has purchased the site belonging to the former Champion Foundry in Piqua, Ohio. Champion Foundry a gray and iron foundry closed in March 2017.
Metals recycler MetalX LLC has selected a 190-acre site in Defiance, Ohio, for its previously announced aluminum recycling campus. Initial development plans include an aluminum rolling slab manufacturing plant, a scrap shredding and advanced sortation facility, and a dedicated logistics hub.
Do you know a young metalcaster in the making? The Casting Dreams Competition created by SFSA is for them.
Young people ages 14–18 are invited to submit their "dream castings" for this exciting contest. Castings will be showcased at AFS’s Metalcasting Congress 2024 in Milwaukee, with national recognition and a $300 award going to the grand prize winner.
AFS Corporate Member Boose Quality Castings has purchased a DISA MATCH 20/24, which was operational in October. The company reported that after two years of operating a DISA MATCH 16/20 machine, it has been able to profitably produce aluminum castings with high dimensional accuracy and excellent surface finish.