INDUSTRY NEWS
Allegheny Technologies Buys Ladish, Including PCT Allegheny Technologies Inc. (ATI),
“ATI Ladish is now an operating
Pittsburgh, announced it has complet- ed its acquisition of Ladish Co. Inc., Cudahy, Wis., owner of investment casting industry leader Pacific Cast Technologies (PCT), Albany, Ore. Te two companies announced
they planned to merge in early May and completed the deal several days later. Under the terms of the agree- ment, each outstanding share of Ladish common stock has been converted into the right to receive $24 in cash and 0.4556 of a share of ATI common stock.
company of our High Performance Metals segment,” said Richard Harsh- man, chairman, president and chief executive officer of ATI. PCT (now ATI Pacific Cast Tech- nologies) supplies commercial, military and aerospace OEMs with airframe, launch vehicle and turbine engine structural components. Te facility specializes in investment cast titanium parts. ATI also operates a ferrous met- alcasting facility, ATI Casting Service, LaPorte, Ind. “ATI Ladish adds to our capabil-
Martinrea to Buy Metalcaster Honsel Automotive systems supplier
Martinrea International Inc., Vaughan, Ontario, Canada, has submitted the most favorable bid for insolvent Hon- sel AG, Meschede, Germany, which produces automotive metal castings. Honsel develops and manufactures aluminum and magnesium products using high pressure diecasting, perma- nent mold casting and sand casting, as well as extruding and rolling. Te company produces engine products, such as blocks, cylinder heads and oil pans; transmission products, such as
ity to produce highly engineered and technically complex parts,” Harshman said. “We offer customers, particularly in the aerospace market, an integrated, stable, and sustainable supply chain, which now includes advanced forging, casting, and machining assets for tita- nium alloys, nickel-based superalloys and specialty alloys.” ATI provides specialty metals solu-
tions worldwide and employs approxi- mately 11,000 full-time workers. ATI and Ladish together reported revenues of approximately $4.8 billion over the last 12 months.
housings and control parts; suspension products, such as engine cradles; and body parts, such as front boards and extrusion profiles. Martinrea partnered with Anchor-
age Capital Group LLC to bid for the assets of Honsel, which is in insol- vency proceedings. Martinrea and An- chorage have been selected by the ad- ministrator in the insolvency proceed- ings to finalize a purchase agreement. According to a press release issued by Martinrea, the company expects the deal to be completed soon.
Anchorage acquired a signifi-
cant portion of Honsel’s debt in the secondary market and is reported to be familiar with its assets and operations. After Honsel’s emergence from German insolvency proceed- ings, Martinrea will own 55% of the company, with Anchorage owning the remaining 45%. Honsel has seven production sites
globally, including four in Germany and one each in Spain, Mexico and Brazil. Te company employs approxi- mately 4,000.
Metalcaster Thresher Officially Releases New Composite Nonferrous metalcaster Tresher
Industries, Hanford, Calif., has released a new metal matrix compos- ite material intended to exceed the performance of traditional aluminum in heat sink applications. Te company said the composite,
TermaLite HS, is manufactured us- ing aluminum scrap from traditional billet machined alloy, such as air- craft grade 6061, and added ceramic particulate, allowing elevated heat transfer capability. “We believe that application in
electronic heat sinks and our ability to cast this material to a near-net- shape will offer a very real benefit for potential customers,” said Tom
10 | MODERN CASTING June 2011
Flessner, President and CEO of Thresher. “We have successfully pro- duced and processed this material in small batches. Further refinement will be done with our customer to meet their specific requirements prior to introduction.” Tresher said it expects the new
material to be beneficial in electrical devices that require the removal of heat. Te company estimates the mar- ket for electronic heat sinks currently exceeds $1.5 billion in North America. Thresher casts primarily metal
matrix composites for the agricul- ture, aerospace, defense, transpor- tation and automotive markets in the U.S. and Europe. The company
announced in March it was working with one of its automotive custom- ers on developing ThermaLite as part of an effort to refocus the company’s marketing strategy.
QUALITY CERTIFICATIONS Te following metalcasting
organizations have passed a recent certification audit: Littlestown Foundry Inc., Lit- tlestown, Pa. (ISO 9001:2008);
H&H Castings Inc., York, Pa. (ISO 9001:2008)
Temperform Corp., Novi, Mich. (ISO 9001:2008).
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