INDUSTRY news
MTI Acquires Iron, Aluminum Casting Facilities Iron caster Metal Technologies
Inc. (MTI), Auburn, Ind., is expand- ing with the acquisition of Northern Foundry LLC, a ductile iron casting facility in Hibbing, Minn. In addi- tion, the company is adding alumi- num die and squeeze casting with the purchase of Jackson Die Casting LLC, Jackson, Tenn., and Minneapo- lis Die Casting LLC, Minneapolis.
T e combined operations, formerly comprising Key 3 Casting LLC, have approximately $74 million in annual sales and 300 employees. Terms of the sale, which was
fi nalized in December, were not disclosed. "We defi nitely see a long term
trend in the marketplace to reduce casting weight by engineering
smaller, lighter iron components or by utilizing lighter materials such as aluminum,” said MTI president Matthew Fetter. “T e Key 3 acquisi- tion not only provides MTI with a world class manufacturing footprint for meeting market demand but provides us with an excellent techni- cal and management team to execute our strategic plan.” All Key 3 Casting workers re-
portedly 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. T e company operates iron foundries in Auburn, T ree Rivers, Mich. and Ravenna, Mich. With this acquisition, MTI has estimated annual sales exceed- ing $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 Finishing Cells
Benton Foundry, Benton Pa., has
purchased two additional Foxall fin- ishing cells from Vulcan Engineer- ing Co., which feature ABB robots. Delivery and startup of the Foxall Model 424FS and Model 636FS with ABB Force Control is sched- uled for July. These will be the third and fourth robotic finishing cells at Benton Foundry. Benton was the first metalcasting
facility to purchase the control fea- ture in September 2010. It reported- ly improves quality and consistency and can reduce manual touch-up. Benton’s five-year plan is to
revamp its cleaning and finishing operations to meet the melting and molding capacity of up to 300 tons per day of gray and ductile iron. Benton Foundry is a fully automated green sand foundry that produces parts ranging from 1 to 250 lbs.
8 | METAL CASTING DESIGN & PURCHASING | Jan/Feb 2014
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60