. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . inDustry neWs
Investors Purchase Two Former Intermet Plants A group of investors purchased the
former Intermet metalcasting facili- ties in Radford, Va., and Lynchburg, Va., on May 7 and plans to restart the Radford-based ductile iron plant within the next six weeks. According to one of the prin- cipals in the deal, the metalcast-
ing assets were purchased by a Michigan-based group that is part owner of Cadillac Casting Inc., Cadillac, Mich., and other manu- facturing assets. “It was kind of a package deal to
buy both of the plants,” said Cadillac CEO Dan Minor, one of the inves-
tors. “We are going to concentrate on Radford.” According to Minor, the investors
had been working with Huron Con- sulting Group and the former Intermet ownership for two months to finalize the facility purchases. Minor said his group did not yet have a plan for the Lynchburg plant, but he expects the Radford plant to be operational in four to six weeks. The facility, which hasn’t poured iron since Dec. 17, 2009, must be brought back up to production speed and some of its capacity must be sold before that can happen. “[The facility] has two automatic
mold machines, is roughly 200,000 sq. ft., and offers state-of-the-art continu- ous flow,” Minor said. “It is capable of producing about 90,000 tons of castings per year, and we believe we can start it with 20,000 tons of castings [sold].” In addition to the safety critical au-
tomotive chassis castings produced at the plant by the previous owners, the new owners plan to introduce compa- rable ductile iron jobs to the production lines, including castings for the heavy equipment, commercial highway, ag- ricultural and nuclear markets. Minor said that while the facility
will be left in the hands of the previ- ous management team going forward, he and his partners also plan to intro- duce their own operating philosophies into the business. “We’re metalcasting people,” he
said. “Ray Witt, my mentor, [was] one of the greatest foundrymen ever. We plan on bringing the same kind of philosophies to this facility.”
METAL
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . QuAlity certiFicAtions
The following metalcasting organi-
zations have passed a recent certifica- tion audit:
Aristo-Cast, Almont, Mich. (ITAR);
H&H Castings Inc., York, Pa. (ISO 9001:2008);
Littlestown Foundry Inc., Littlestown, Pa. (ISO 9001:2008);
OSCO Industries Inc., Portsmouth, Ohio (ISO 9002).
METAL 10 MetAl cAsting Design & PurchAsing July/August 2010
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