INDUSTRY news
Shiloh Industries to Acquire European Firm Shiloh Industries Inc., Valley
City, Ohio, a leading supplier of lightweighting, noise and vibration solutions, has signed an agreement with FinnvedenBulten AB to ac- quire 100% of the shares of Finnve- den Metal Structures (FMS). Through this acquisition, Shiloh’s
capabilities are expanded with the addition of stamping and magne- sium diecasting, a key growth seg- ment and technology to address the lightweighting needs of automakers. Additionally, Shiloh adds a Euro- pean foothold and expands its cus- tomer base. The acquisition is valued at SEK 372.3 million (approximately U.S. $56.6 million). T e acquisition of FMS posi-
tions Shiloh as a global supplier, with stamping and magnesium diecasting facilities in Poland and stamping op- erations in Sweden. T e new additions complement the company’s existing
The company has 14 locations across North America and 2,000 employees.
operations throughout the U.S. and Mexico. FMS represents nearly USD $180 million in annual sales revenue along with adding approximately 800 employees and its leadership team. Shiloh provides design, engineering and manufacturing of engineered weld- ed blanks, complex stampings, modular assemblies and high pressure aluminum diecast and machined components for OEM and Tier 1 customers.
Materion to Supply Lockheed Martin
Materion Brush Beryllium &
Composites, a Materion Corp. busi- ness based in Mayfi eld Heights, Ohio, has received a contract from Lockheed Martin for proprietary AlBeCast aluminum-beryllium investment cast components for the F-35 Lightning II’s Electro-Optical Targeting System (EOTS). Terms were not disclosed. “We have made a signifi cant invest-
ment in advancing our casting technology, and this contract adds to our growing number of sales orders in the defense and semiconductor markets,” said Lawrence Ryczek, vice president and general man- ager, Brush Beryllium & Composites. Materion supplies engineered
materials to global markets. Products include specialty metals, inorganic chemicals and powders, coatings, engi- neered beryllium alloys, beryllium and beryllium composites, and engineered clad and plated metal systems.
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Jul/Aug 2014 | METAL CASTING DESIGN & PURCHASING | 7 3/13/14 2:24 PM
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