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INDUSTRY NEWS Bradken Buys Two More Casting Companies


Bradken Ltd., Newcastle, Australia, announced it has made two acquisi- tions for a total consideration of almost $240 million. Te international metalcasting con-


glomerate has entered into a binding agreement to acquire Norcast Wear


Solutions Inc., Toronto, Canada, and Australian and Overseas Alloys Pty Ltd., Wollongong, Australia. Te Norcast acquisition is expected to be finalized by July 12. Te manu- facturer of cast steel mill liners for the global mining market maintains


its main production facility in Mont Joli, Canada. Te company’s Canadian operations and its North and South American customers will be managed by Bradken’s U.S. Resources Business, a part of the Engineered Products Di- vision. Te company is expected to add approximately $80.5 million of sales to Bradken’s portfolio in 2011-12. Te acquisition includes Swanmet,


a Malaysian foundry group acquired by Norcast in March 2010. Swanmet currently manufactures and sells wear parts into mining and energy markets, including Australia. Australian and Overseas Al-


loys produces a range of wear plate products for the mining industry. Te business is expected to comple- ment Bradken’s current fixed plant wear products business, providing a presence on the east coast of Austra- lia. Te business will be managed by Bradken’s Fixed Plant Business, a part of the Mining Products Division, and is expected to add approximately $9.7 million of sales in 2011-12. “Te acquisitions are in line with


Bradken’s strategy of globalizing its consumable products businesses and building a substantial presence in the world’s major mining regions,” said Bradken Managing Director Brian Hodges. “Norcast provides world class manufacturing operations in Canada and a leading position in the global supply of mill liners. [Austra- lian and Overseas Alloys] increases our presence in the Australian wear plate market and provides strong manufacturing technology.” Since February, Bradken has announced expansions at two of its U.S.-based metalcasting facilities and the establishment of a new plant in China.


QUALITY CERTIFICATIONS Te following metalcasting


organizations have passed a recent certification audit: Founderie Saguenay, Chicoutimi,


Quebec, Canada (Lloyd’s Register List of Approved Manufacturers).


10 | MODERN CASTING August 2011


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