Articles: Industry News

Pace Industries, LLC (Pace) (Fayetteville, Arkansas) emerged from Chapter 11 bankruptcy protection in early June, successfully completing its financial restructuring plan to deleverage its balance sheet and create a sustainable capital structure. The company is an aluminum, magnesium and zinc diecaster.

Fonderie Mora Gavardo (Gavardo, Italy) has appointed AFS Corporate Member General Kinematics (GK) (Crystal Lake, Illinois) to be the system integrator and equipment provider for their new foundry system. The decision was based on previous experience with GK’s design and installation of a shakeout system, GK’s experience implementing numerous turn-key foundry installations worldwide, and their ability to deliver the full system.

AFS Corporate Member Cadillac Casting, Inc. (Cadillac, Michigan) has embarked on a partnership with an Ohio-based gym-equipment manufacturer, Rogue Fitness, to make some of its products and distribute them worldwide. In a web statement, Rogue said, “We’re proud to have developed this line with the team at Cadillac Casting, a privately-owned Midwest foundry with nearly 100 years of history in metalcasting, and an unmatched reputation for quality.”

Grede (Southfield, Michigan), the leading developer, manufacturer, assembler and supplier of ductile, gray and specialty iron castings and machined components for automotive, commercial vehicle and industrial markets, has purchased certain assets of Renaissance Manufacturing Group (RMG) Waukesha, LLC.

AFS Corporate Member Charlotte Pipe and Foundry Company announced it is moving its headquarters to Oakboro, North Carolina, and building a new foundry there on the 428-acre property.

AFS Corporate Member Wellman Dynamics (Creston, Iowa) has purchased the former Ferrara Candy Company property at 500 Industrial Parkway in Creston. The property includes 315,000 sq. ft. of manufacturing, office, and warehouse space, along with approximately 20 acres of land. The facility will be repurposed for an expansion of Wellman's existing foundry operations a block away.

Pier Foundry & Pattern Shop (St. Paul, Minnesota) has invested in an FBO-IIIS Mold Machine from Sinto, complete with a mold handling system and Sinto Analytics.

Private equity firm, Oakland Standard Company, announced Damascus Steel Casting Com

Annualized SinterCast CGI series production for the first two months of the year reached 3.1 million Engine Equivalents, providing a 5.4% year-on-year increase. The sampling volume at customer foundries remained stable at recent run-rates throughout February, providing a positive indication for foundry shipments into March, SinterCast AB reports.

The Small Business Administration has created a comprehensive coronavirus page with all of its resources in one place. You can find that page here.