Industry News

Northeastern-Ohio based Webster Industries, Inc., an AFS Corporate Member that makes conveyor chains, sprockets, vibrating conveyors and specialty castings, has acquired Action Equipment Company (ACTION), a manufacturer of vibratory conveying and process equipment. The combination will allow Webster to expand high-quality custom design offerings and vertically integrated production capacity, while fulfilling innovative product and service needs for the combined global customer base.

In 1921, a salesman for the foundry industry, also an engineer, launched Smith & Richardson Inc. (Geneva, Illinois) to manufacture one product––a chaplet for use in casting. Since then, leveraging the founder’s skills in sales, marketing and technical expertise, AFS Corporate Member S&R has grown into a leading ISO 9001:2015-certified manufacturer of precision-machined parts and the only chaplet manufacturer in the world with multiple locations.

AFS Corporate Member Progressive Foundry, a ductile and gray iron matchplate job shop about 40 miles northwest of Des Moines, is approaching completion this May on two-thirds of a three-phase, $6.8 million renovation of its Perry, Iowa, facilities. The company serves a variety of markets including different types of pump companies, industrial vacuum and blower systems, municipal castings, agricultural, heavy truck and industrial burner systems.

Victaulic (Easton, Pennsylvania), a global manufacturer of mechanical pipe joining, fire protection and flow control solutions has purchased a 220,000-sq.-ft Waupaca manufacturing plant in Lawrenceville, Pennsylvania. When operating at full capacity, the facility will increase Victaulic’s foundry production capacity by 70 percent in the U.S. and allow for future growth as Victaulic’s business demands increase. The facility, including two foundry molding lines, will also enable Victaulic to produce larger scale products. 

TRM Equity has acquired Elyria Foundry and Hodge Foundry (Elyria, Ohio), a company specializing in ductile iron castings up to 200,000 pounds and serving many markets including defense, oil and gas, construction equipment and mining. Elyria Foundry has operated since the early 1900s and has developed a strong technical and metallurgical team that drives its success. 

A new Pillar Induction furnace with 1-ton melting capacity has been installed at AFS Corporate Member Kimura Foundry America, Inc. (Shelbyville, Indiana). The addition enables Kimura to meet customer demand for heavier casting parts, particularly in the construction, agricultural machinery, power generation, oil & gas, pump and compressor industries. The foundry also expects to improve pouring efficiency and casting turnaround thanks to the high-capacity furnace’s ability to pour multiple parts simultaneously.

AFS Corporate Member The C.A. Lawton Co. (DePere, Wisconsin) has acquired Penn-Mar, a gray-and-ductile iron foundry in Hanover, Pennsylvania.

Penn-Mar manufactures multicored, gray and ductile iron castings ranging from 150 to 5,000 lbs. Using an air-set, nobake molding process, it serves the refrigeration/air conditioning, pump/compressor, and motor/generator industries. 

IBC Advanced Alloys, Franklin, Indiana, is planning to invest more than $5 million to build and outfit a 32,000-square-feet copper casting facility on its current property, according to a Daily Journal report by Leeann Doerflein. Also known as Non Ferrous Products, Inc., IBC manufactures beryllium and copper advanced alloys parts for the defense, aerospace, automotive, telecommunications and precision manufacturing industries.

Lakeside Casting in Monroe City, Missouri, has announced plans to buy out the remaining $600,000 of its real estate lease with the city and expand this year, according to area’s local The Herald-Whig newspaper.

“My focus has always been on growing jobs,” Controlling Owner Chuck Mudd told reporter Forrest Gossett. “That’s the reason that we started this.” His company plans to build a new warehouse that will allow for manufacturing growth. 

Premier Engineered Products’ (PEP, Grand Rapids, Michigan), which owns Appalachian Cast Products (Abingdon, Virginia), has a new investor; Charter Growth Capital Fund (CGCF) has provided mezzanine debt in support of PEP’s recapitalization. Birmingham, Michigan-based Colfax Creek is the lead investor in the transaction. Colfax Creek and foundry veteran Mike Ryan, formed PEP in January 2019 to recapitalize Appalachian Cast Products (ACP) and integrate Premier Die Casting's production into its Abingdon facility.