INDUSTRY NEWS Latest Dynacast Acquisition Brings in Signicast
Dynacast (Charlotte, North Caroli- na) announced it has signed a defi nitive share purchase agreement to acquire Signicast (Hartford, Wisconsin). T e move is expected to add more than 800 Signicast employees to Dynacast, which will now employ 9,500 at 27 spots. Signicast, however, will remain separate, and business will continue as usual for its customers. Signicast is an automated and
vertically integrated manufacturer of
precision investment cast parts. In a news release, Dynacast said,
“T e merger will allow Dynacast to continue growing both businesses, with intentions to globalize the Signicast division in the coming years.” It contin- ued that the “acquisition is the next step of Dynacast’s strategic vision toward becoming a $1 billion-plus organization over the next two to three years.” “Given Signicast’s complemen- tary manufacturing technology, this
acquisition will expand our existing customer off erings and accelerate our strategic vision for growth,” said Simon Newman, chairman and CEO, Dynacast. “I look forward to work- ing closely with the Signicast team to ensure that the combined company continues to provide our customers with unparalleled technology, quality, and service.” T is acquisition is the latest for
Dynacast, which in January an- nounced it had purchased Taurus ’80 (Grosso, Italy), a zinc diecaster with locations in Rockford, Illinois, and Bi- zerte, Tunisia. T at addition brought 60 diecasting machines into Dynacast. “We believe the addition of
Signicast is an automated and vertically integrated manufacturer of precision investment cast parts that was acquired by Dynacast.
Taurus ’80 is the right next step for the growth of our company and is a testament to the passion and dedication by which the Dynacast team has delivered on our mission to provide the highest quality precision components to our customers around the world,” Newman said when that transaction was announced. “T is ac- quisition will deliver signifi cant and immediate value to our customers and further our eff orts in innovation to off er our customers the best busi- ness solutions.”
Lodge Cast Iron Donates to Help Victims of Tennessee Fire “We are extremely grateful for the
Lodge Cast Iron (South Pittsburg,
Tennessee) donated $111,990 to the Dollywood Foundation’s My People Fund that aids people aff ected by last year’s Tennessee wildfi res. Lodge annually creates a skil- let with a Great Smoky Mountains logo and sells it at its two factory stores. This year, because of the November fire in Gatlinburg, Ten- nessee, the company also made the skillet available on its website and donated half of the sales directly to the My People Fund. Henry Lodge, CEO, and employ-
ee Dick Reeves, who lost his home to the fire in November, presented the check to David Dotson, who serves as president of the Dolly- wood Foundation.
10 | MODERN CASTING March 2017
support everyone has shown for this initiative, and we are humbled to be
able to play a small role to help the families who need it most,” the com- pany said in a news release.
Henry Lodge, CEO, second from left, and employee Dick Reeves, second from right, who lost his home to the fi re in November, presented the check to David Dotson, who serves as president of the Dollywood Foundation.
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