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INDUSTRY NEWS
Newscast Cornerstone Capital Partners, New
York, recently announced it joined forces with management and another private equity fund to acquire Aarrow- cast Inc., Shawano, Wis., in July of 2010. Aarrowcast makes large gray, ductile and austempered ductile iron castings for customers in end-markets including agriculture, military, off-highway truck- ing, construction and energy.
Rolls Royce Naval Marine Foundry Pascagoula, Miss., has added a 50-ton capacity ladle in order to cast individual propellers in nickel-aluminium bronze. The ladle was produced by Acetarc Engineering, Keighley, U.K.
Investment caster Alcumet Inc., Londonderry, N.H., announced it has overhauled its approach to quality control, taking advantage of fluorescent penetration and x-ray processes in ad- dition to its spectrometer.
Ashland Inc., Covington, Ky., sold its
global distribution unit to TPG Capital, Fort Worth, Texas.
CECO Environmental Corp., Cincin-
nati, a provider of air pollution control and industrial ventilation systems, an- nounced it has received a new order for $2.5 million from a global refining customer.
MC
North America (continued from page 8)
Diecaster Fort Recovery Industries to Open New Plant
according to the diecaster’s statement. The city of Portland has preliminarily approved additional property tax abate- ment at the request of the Jay County Development Corp. Fort Recovery casts more than 14
million lbs. of aluminum and zinc an- nually for customers in the appliance, automotive, commercial refrigeration, and office furniture and builders hard- ware industries. The company employs approximately 400.
MC
MODERN CASTING / December 2010
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