Private-equity group Stellex Capital Management has acquired two Pittsburgh-area manufacturers: a ferrous foundry and a forging and machining business, from Arcosa Inc. Both of the acquired companies supply a range of components for railroad and industrial buyers. McConway & Torley is a steel foundry with plants in Pittsburgh and Kutztown, PA, and 60,000 tons/year of melting capacity from three electric arc furnaces. Its cast products include couplers for freight trains and transit cars, knuckles and coupler parts, yokes and followers, striker parts, and draw bars. The steel forging business is Standard Forged Products, which produces rough forged or machined axles for rolling stock. David Meyer has been named CEO and will work the existing management teams for the operations. The deal is expected to close during the third quarter––price of the purchase was not announced.