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$18.1 Million Expansion Planned at Bradken’s Amite Plant
Grede Expands With Mexico Purchase
Grede Holdings LLC,
Southfield, Mich., has reached a definitive agreement to acquire two metalcasting facilities in Mexico from Grupo Proeza. The domestic casting giant
will acquire the NovoCast and Teknik facilities, both located near Monterrey, Mexico, for an undisclosed sum. The transaction is pending Mexican regulatory approval and is expected to close by the end of the first quarter. “Grede looks forward to
Bradken’s Amite plant pours large steel castings for a range of industries.
Bradken, Newcastle, Australia, an- nounced it will spend $18.1 million to expand the capabilities and capacity of its Amite, La., metalcasting facility. Te Amite facility manufactures
and machines large steel castings for several industries, including mining, construction, dredge, marine, and
oil and gas. According to a Bradken press release, the expansion includes expanding the building devoted to metalcasting and installing manufac- turing equipment, such as molding equipment, cranes and furnaces. “Te decision to choose the Amite
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Revstone to Acquire Ferrous Caster Tisamatic Revstone Industries LLC, Lex-
ington, Ky., announced it will acquire ferrous automotive caster Tisamatic S. de. R.L. de C.V., Monterrey, Mexico. Revstone, which added a third di-
ecasting plant to its portfolio earlier this year and has several other metalcasting assets, announced its intent to purchase the metalcasting facility from Industrias Xignux S.A. de C.V. on Feb. 3. Te facility produces iron castings for the automotive sector, in addition to home appliances, cast iron connections and soil pipes. Te transaction is expected to close in the first half of the year. Revstone said in a press release the
company expects the acquisition to strengthen its position in Mexico. “Te acquisition of Tisamatic would
10 | MODERN CASTING March 2011
be a significant addition to the Revs- tone portfolio of businesses and would further our strategy to offer the broad- est range of processes and services to our customers,” said Robert Carney, president of Revstone Mexico. Revstone said in its statement that
Tisamatic produces more than 60,000 metric tons of vertical molding and soil pipe out of its 133,000-sq. ft. facility. Te plant operates four electric fur- naces, five shot blast machines, six shell machines, three centrifuge machines and other related casting equipment. Revstone, which serves primarily
the automotive and trucking indus- tries, operates manufacturing facilities in more than 60 locations in North and Central America.
adding the NovoCast and Teknik businesses to its fer- rous casting and machining operations,” said Doug Grimm, Grede’s chairman, president and chief executive officer. “We share complementary product lines and equipment, which will add to our existing manufacturing capacity in sup- port of our customer growth projections in this expanding economy.” Grede Holdings was formed in 2010 through the combina- tion of assets of the former Grede Foundries Inc., Black- hawk Foundry (USA) and Cita- tion Corp. With estimated an- nual revenues in excess of $750 million, the company specializes in ductile, gray and specialty iron castings, including lost foam and high silicon molybdenum applications. Grede has 3,700 employees and operates 13 metalcasting facilities and three machining operations in the U.S. serving the transportation and indus- trial markets globally. The two new purchases represent the companies first international expansion.
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