Wisconsin-based Winsert, a global advanced manufacturer of critical metal parts for Fortune 500 OEMs and Tier 1 suppliers, has acquired Alloy Cast Products, Inc. (ACP), an investment casting and machining manufacturer of exotic cobalt alloys headquartered in Kenilworth, New Jersey.
Articles: Industry News
10.18.22: Winsert buys Alloy Cast Products
The Lawton Standard Co. has recently added Northern Iron & Machine (NIM) located in St. Paul, Minn., to the Lawton Standard family as part of its expansion strategy. NIM produces and machines high-quality gray, ductile, and austempered iron castings up to 250 lbs. This adds to The Lawton Standard Co.’s offerings by both size and method. This will benefit both Lawton and NIM customers with expanded sourcing options.
10.01.22: TRM Equity acquires Wellman Dynamics
On July 29, TRM Equity II, a Michigan-based private equity fund, acquired all of the equity of AFS Corporate Member WDC Acquisition LLC, known as Wellman Dynamics (Wellman), which is located in Creston, Iowa, and employs about 350 people. The 100-year-old aerospace supplier manufactures large scale, complex magnesium and aluminum castings for the defense and commercial aerospace markets.
AFS Corporate Member Buck Co. Inc., in conjunction with its parent company, The Dixon Group, has acquired Richmond Foundry, LLC, a 50-year-old AFS Corporate Member in Dayton, New Jersey, that produces high-quality brass and bronze sand castings. Richmond’s 40,000-sq.-ft. facility adds capacity and capabilities that will benefit both companies’ customers.
This spring, Bob Swenson, former owner of AmeriTi Manufacturing, launched a new company in Detroit, TriTech Titanium Parts, which, he said, produces net shape titanium parts using the most appropriate technology for the part and the customer––and is backed with a fully domestic supply chain.
TriTech’s array of three production technologies includes 3D binder jet printing, metal injection molding, and investment casting. The 3D printing is its latest addition, featuring a binder jet process for producing complex titanium parts.
10.01.22: Potentia buys New England foundry
Potentia Manufacturing Group has purchased New England Foundry, LLC, formerly the Anbar division of Edson International. Located in Taunton, Massachusetts, New England Foundry—which specializes in sand casting of aluminum, brass, and bronze chiefly for the marine market, as well as aerospace and industrial markets—continues to manufacture its products in its updated Taunton facility.
10.01.22: Effort Foundry purchased by Brynavon
The Brynavon Group Inc., a third-generation family firm based in Pennsylvania, has acquired Effort Foundry Inc. (Bath, Pennsylvania).
Effort Foundry has been in business since 1971 and produces castings for pumps, valves, power generation, and general industrial applications in a wide variety of alloys, including steel, stainless steel, nickel-based alloys, ductile iron, and gray iron.
10.01.22: Ownership change for Franklin Iron Works
Druid Capital Partners and Elyton Capital have bought AFS Corporate Member Franklin Iron Works, Inc. (FIW) and Alabama Castings, LLC––collectively known as “Franklin Iron.”
According to reporting by bizjournals.com, new ownership plans to retain all 145 Franklin Iron employees. A Druid Capital spokesperson told the BBJ that FIW is hiring for select positions at both of its locations in Thorsby and Aliceville, Alabama.
Dee Manufacturing, an affiliate of AFS Corporate Member Wisconsin Aluminum Foundry, is one of five companies to receive funding from the Minnesota Job Creation Fund and the Minnesota Investment Fund, according to an announcement August 18 from the Minnesota Department of Employment and Economic Development (DEED). Located in Crookston, Dee Manufacturing has been awarded $175,000, which will go toward facility expansion that’s expected to create 30 jobs in the next three years, with an average wage of $19.40 an hour.
McWane Ductile Ohio––part of the McWane, Inc. family of companies––has announced a $45 million total investment in its Coshocton County plant. Its investment has more than doubled since the initial $21.5-million collaboration was finalized with JobsOhio, the Ohio Department of Development, Ohio Southeast Economic Development (OhioSE) and the Coshocton County Port Authority, including a 1.372%, six-year Job Creation Tax Credit from the Ohio Tax Credit Authority.