INDUSTRY news
Accuride Buys KIC in First Addition Under Crestview Partners Accuride Corporation (Evansville,
“Combining the tremendous
Indiana), a supplier of components to the North American and European commercial vehicle industries that owns the Gunite casting facility in Rockford, Illinois, acquired KIC LLC (Vancouver, Washington). KIC is a supplier of wheel end components to the North American commercial vehicle industry, and designs and tests its own products and partners with contract manufacturers. Accuride’s products include com-
mercial vehicle wheels and wheel end components and assemblies. T e addition of KIC marks Ac-
curide’s fi rst acquisition under the ownership of Crestview Partners (New York), a private equity fi rm. Crestview acquired Accuride in November 2016 as a growth platform in the global com- mercial vehicle components industry.
strengths of KIC and Accuride will enable us to increase competitiveness and expand into new market seg- ments,” Accuride president and CEO Rick Dauch said. “We at KIC are proud to join
Rick and his team at Accuride and are excited about our ability to best serve the trucking industry with our leading technology, engineering and manufacturing footprint,“ said KIC co-founder Greg Hatton, who will join the Accuride Board of Directors. With the transaction closing in
May, Dauch continues to lead the company. KIC president John Schneider, KIC
COO Omar Fakhoury and Gunite president Gregory Risch will be re- sponsible for executing the company’s plan to integrate KIC.■
Speyside Acquires Ashland Foundry Speyside Equity Fund announced
the purchase of Ashland Foundry and Machine Works Inc. (Ashland, Penn- sylvania) and also added West Coast Stainless Products and Dynatek Inc. (Huntington Park, California). Ashland manufactures complex,
highly engineered steel, chrome iron and high alloy castings ranging in size from 50-7,500 lbs, primarily for OEM pump manufacturers. “Ashland and West Coast provide
a fully machined solution to their customers from optimum geographic locations on the East and West coasts. T ese businesses off er a fuller suite of solutions, both alloys and capabilities, for our existing portfolio (of) found- ries as well as entry into new end markets,” said Jeff rey Stone, managing director, Speyside.■
RESHORING?
“ Are you considering reshoring your castings? Call me and we’ll make it easy for you.
We have competitive prices, reasonable tooling costs & inventory solutions”.
Tom Kayser
Sales and Marketing Manager, OSCO Industries
Portsmouth, OH 45662-1388 s
tkayser@oscoind.com
Gray Iron castings up to 40 pounds. (Class 25-35) Greensand and Shell molding. (Disamatic, Osborn & Hunter molding)
12 | METAL CASTING DESIGN & PURCHASING | May/Jun 2017
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INDUSTRIES, INC.
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