INDUSTRY NEWS
Spartan Light Metal Receives Toyota Quality Recognition Toyota Motor Engineering &
Manufacturing North America Inc. (TEMA) recognized Spartan Light Metal Products, St. Louis, a sup- plier of aluminum and magnesium custom diecasting, as an “Excellent Quality Performance Award” winner in March. Spartan was one of 17 Toyota sup- pliers to receive this award, and one of only three wholly U.S.-based compa- nies to receive it. Spartan’s Hannibal, Mo., plant also recently distinguished itself as it marked more than six years without a lost time accident. “Toyota works closely with each supplier partner to build our ve- hicles to the high-quality, safety and reliability standards our customers expect,” said Robert Young, TEMA’s purchasing vice president. “We are pleased to award those in our supply base who go above and beyond. Tis event emphasizes our mutual com- mitment with supplier partners to continuously improve to build ‘always
Pictured are (left to right): Nobuhisa (Noby) Tanaka, executive advisor, purchasing & SED, Toyota; Chris Nielsen, senior vice president, Toyota; Michael White, plant manager, Spartan Hannibal, Mo.; Bruce Breitzman, COO, Spartan; Osamu “Simon” Nagata, president & CEO, Toyota; and Robert Young, vice president, purchasing, Toyota.
better cars’ in North America.” Spartan, a family-owned business, has been a specialist in designing, developing, validating and produc- ing diecastings as well as machining
Grede to Be Sold to American Securities American Securities LLC has
agreed to a deal to buy iron cast- ing company Grede Holdings LLC, Southfield, Mich. According to the Wall Street Journal, the deal was made for more than $800 million. Goldman Sachs is the leading lender. Other lenders in the deal include GE Capital Markets and Nomura Holdings.
services and component assemblies for more than 50 years. The compa- ny has three manufacturing facilities and offices in St. Louis, Detroit, To- kyo and Landstuhl, Germany.
Grede Holdings represents a 2010 merger of two major cast iron companies, Grede Foundries Inc. and Citation Corp. Te merger coincided with the purchase of Grede Found- ries by Wayzata Investment Partners LLC, Wayzata, Minn. Grede Holdings operates 14 iron casting facilities and three machining
Allan Lozier Buys Omaha Steel Castings Allan Lozier has purchased Omaha
Steel Castings Co., Omaha, Neb., from Phil Teggart. Te company will remain a separate entity and not be merged with or become a subsidiary of Lozier’s other business entities. All employees will be retained and all operations of Omaha Steel Castings will continue uninterrupted, according to Lozier. With the transaction completed, Omaha Steel Castings will complete
facilities in North America. It recently announced plans to invest $7 mil- lion in upgrades to its New Castle, Ind., facility. Te company employs approximately 4,500 people. Accord- ing to the report, Grede Holdings has earnings before interest, taxes, depre- ciation and amortization of more than $150 million.
its construction of and relocation to its new foundry in Wahoo, Neb. “I am truly excited to able to com- plete this transaction with Allan and have him become part of our manage- ment team. His business knowledge and success are unparalleled. Further, this transaction enables us to complete the move to Wahoo and aggressively pursue new business with the infu- sion of additional capital,” said Phil
Teggart, who will remain with the company as its executive vice president of sales and customer service. Omaha Steel Castings produces high
quality steel and stainless steel castings for a wide array of end users. “I look forward to working with the existing management of Omaha Steel Castings Company to grow this busi- ness. Tey are first class people making a first class product,” said Lozier.
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