INDUSTRY NEWS
MTI Acquires Iron, Aluminum Casting Facilities
Iron caster Metal Technologies Inc. (MTI), Auburn, Ind., is expanding with the acquisition of Northern Foundry LLC, a ductile iron casting facility in Hibbing, Minn. In addition, the company is adding aluminum die and squeeze casting with the purchase of Jackson Die Casting LLC, Jackson, Tenn., and Minneapolis Die Casting LLC, Min- neapolis. Te combined operations, formerly comprising Key 3 Casting LLC, have approximately $74 million in annual sales and 300 employees. Terms of the sale, which was final- ized in December, were not disclosed. "We definitely see a long-term trend in the market-
place to reduce casting weight by engineering smaller, lighter iron components or by utilizing lighter materials such as aluminum,” said MTI president Matthew Fetter. “The Key 3 acquisition not only provides MTI with a world class manufacturing footprint for meeting market demand but provides us with an excellent technical and management team to execute our strategic plan.” All Key 3 Casting workers reportedly are being asked
to continue with the company. Metal Technologies, a privately owned company founded
in 1997, employed about 700 before the acquisition and had more than $365 million in annual sales. Te company operates iron foundries in Auburn, Tree Rivers, Mich., and Ravenna, Mich. With this acquisition, MTI has estimated annual sales exceeding $440 million and employs more than 1,000 people. It provides metal castings throughout North America in the transportation, construction, compressor, small gasoline engine and other markets.
Benton Foundry Adds to Finishing Benton Foundry, Benton Pa., has purchased two additional
Foxall finishing cells from Vulcan Engineering Co., which feature ABB robots. Delivery and startup of the Foxall Model 424FS and Model 636FS with ABB Force Control is scheduled for July. Tese will be the third and fourth robotic finishing cells at Benton Foundry. Benton was the first metalcasting facility to purchase the
control feature in September 2010. It reportedly improves quality and consistency and can reduce manual touch-up. Te five-year plan is to revamp cleaning and finishing operations to meet the melting and molding capacity of up to 300 tons per day of gray and ductile iron parts ranging from 1 to 250 lbs. each.
INDUSTRY NEWS
Benton Foundry operates a metalcasting Discovery Center on its campus in Benton, Pa.
February 2014 MODERN CASTING | 13
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