A group of investors bought Sivyer Steel (Bettendorf, Iowa) out of bankruptcy.
According to local reports, the group bought Sivyer for $6.5 million in July. Sivyer will continue to operate under a new name, Sivyer Steel Castings LLC, and the 325,000 sq. ft. facility will be renovated and updated.
AFS Corporate Member Cadillac Casting (Cadillac, Michigan) is believed to have become the first company in America known to provide cryotherapy as a free employee benefit, helping its staff recover from the physical demands of working in an iron foundry.
The company provides unlimited access to its 400 employees and their spouses to sessions in an Impact Cryotherapy Cryosauna that is operated by Pine Grove Athletic Club (Cadillac, Michigan).
Ellwood Group announced it’s building an aluminum casting facility at its engineered castings location in Hubbard, Ohio. The investment is worth a reported $60 million.
According to reports, the facility will be a 70,000 sq. ft. expansion and will employ 34.
AFS Corporate Member Amsted Rail (Chicago) a provider of fully integrated freight car systems for the heavy haul rail market, has added a new, complete AFC-Holcroft UBH line to meet a growing need for additional heat treatment capacity.
This purchase includes a batch style carburizing furnace, two expansion modules to increase endothermic generator gas output, a rotary hearth reheat furnace for press quenching, and a continuous integrated parts washer and temper furnace
Terves broke ground on a 12,000 sq. ft. expansion to its magnesium foundry.
The H3-classified magnesium metal processing facility expansion enables Terves to further expand its metal processing, heat treatment, machining, and storage capabilities. The expansion plans include additional permanent mold and materials handling and storage space, and the addition of sand casting, squeeze casting, and diecasting capabilities for custom magnesium and magnesium alloys and composites, in addition to further expansion of build-to-print component CNC machining services.
Consolidated Precision Products Corp. (Cleveland), a manufacturer of components and sub-assemblies primarily for the commercial aerospace and defense markets, announced it has reached an agreement to acquire Selmet Inc. (Albany, Oregon).
Selmet is a manufacturer of titanium castings and machined components for the aerospace and defense industries. Founded in 1983, Selmet operates an investment casting foundry.
With the acquisition of Selmet, CPP will expand its offering to include titanium castings.
Simpson Technologies (Deutschland) GmbH (Alfeld, Germany), a subsidiary of AFS Corporate Member Simpson Technologies Corporation (Aurora, Illinois) specializing in process solutions for the metal casting and chemical process industries, announced the acquisition of Webac Gesellschaft für Maschinenbau mbH (Euskirchen, Germany) together with its subsidiaries Webac Maskin AB (Stockholm, Sweden) and Webac s.r.o (Pribram, Czech Republic). Webac has 56 years of experience in Germany providing advanced process technology and customized plants for the foundry and oil and gas industries.
AFS Corporate Member Betz Industries (Grand Rapids, Michigan) is planning to invest $3.5 million to add a new 41,280 sq. ft. facility in Walker, Michigan, that would offer machining services. The gray and ductile iron caster produces castings for multiple industries.
According to a report from MiBiz.com, the addition could add 15 new jobs and will allow the company to machine products instead of sub-contracting to other facilities.