For the first time in its 123-year history, AFS Corporate Member Lodge Cast Iron (South Pittsburg, Tennessee) has made an acquisition.
Lodge announced it is purchasing FINEX Cast Iron, a producer of skillets, pans and ovens. Lodge is shifting FINEX production to South Pittsburg, though FINEX will keep its sales and marketing base in Portland, Oregon. The FINEX brand will remain.
AFS Corporate Member Mueller Water Products Inc. is planning to build a new, state-of-the-art foundry in Decatur, Illinois, according to a news release.
Skuld LLC (Columbus, Ohio) received a Small Business Innovative Research grant from the Department of Energy (DOE). The grant will be used to show going to 0.060-in. thick ductile iron can be done without negatively impacting automobile properties.
Skuld’s most recent trials reduced the weight of designs by 70% and material costs by 40%. This is of interest to the DOE due to increasing fuel efficiency standards.
By 2025, the corporate average fuel efficiency standards are supposed to rise to 54.5 mpg, up from 35.
AFS Corporate Member ASK Chemicals, a supplier of foundry chemicals, announced it entered into a definitive agreement to purchase the industrial resin business from SI Group (New York). ASK Chemicals and SI Group have agreed on the purchase of SI Group’s industrial resins business and associated manufacturing sites in Rio Claro, Brazil; Ranjangaon, India; Johannesburg and Durban, South Africa, as well as licensed technology and multiple tolling agreements globally. The transaction is expected to close later this year.
AFS Corporate Member Waupaca Foundry, a Hitachi Metals company, opened its manufacturing plant in Ironwood, Michigan.
The facility will process castings produced in Waupaca, Wisconsin. The facility is expected to create 61 new jobs and an investment of $4.3 million and covers 50,000 sq. ft.
The University of Northern Iowa’s Additive Manufacturing Center, located at TechWorks (Waterloo, Iowa) hosted a three-day camp for Cedar Valley students interested in STEM.
Focusing on a “Jurassic Park” dinosaur theme, Panther Park 3D was one of many camps offered by the STEM program at UNI and granted students the opportunity to broaden and develop their STEM interests and skills with an immersive 3D printing and design experience involving dinosaurs.
AFS Corporate Member Victaulic (Easton, Pennsylvania) has purchased Globe Fire Sprinkler ( Standish, Michigan).
“The addition of Globe’s fire protection sprinkler volume and engineering capabilities will provide the scale and skills necessary to be a true leader in all aspects of the fire protection industry," Victaulic CEO John F. Malloy said.
Steven Worthington, who will serve as president of Globe Fire Protection, echoed that excitement.
AFS Corporate Member Batesville Products (Lawrenceburg, Indiana) has introduced a second chance program. Working with Beacon of Hope, Dearborn County Court Services (DCCS), Workforce Connection and Purdue University’s Manufacturing Extension Program (MEP), Batesville is developing a program that “will help individuals get a fresh start in the workforce,” the company said in a news release.
Speyside Foundry Holdings (Ann Arbor, Michigan), a portfolio company of Speyside Equity Fund I LP, announced the acquisition of AFS Corporate Member Weatherly Casting and Machine Company (Weatherly, Pennsylvania) and Hazleton Casting Company (Hazleton, Pennsylvania).
Both transactions were completed June 12.
The northern Michigan company invested heavily in a new state-of-the-art facility, showing its commitment to its core customers and the whole industry.
When AFS Corporate Member EJ broke ground on its new metalcasting facility in February 2017, it was an important milestone for the company and its commitment to its future and the industry as a whole.