Amcast Announces Agreement to Sell West Coast Facility.DAYTON, Ohio--(BUSINESS WIRE)--March 20, 1998--Amcast Industrial Corporation (NYSE NYSE See: New York Stock Exchange :AIZ AIZ Lake of the Ozarks, Missouri (Lee C. Fine Memorial Airport) AIZ Air Intercept Zone AIZ Anti Imperialistische Zelle(n) (German: Anti-Imperialistic Cell; now defunct terrorist group) ) announced today that an agreement has been signed to sell its west coast investment casting investment casting Precision casting for forming metal shapes with minutely precise details. Casting bronze or precious metals typically involves several steps, including forming a mold around the sculptured form; detaching the mold (in two or more sections); coating its operation, Amcast Precision, Rancho Cucamonga, California Rancho Cucamonga is a city in San Bernardino County, California, United States. As of the 2000 census, the city had a total population of 127,743. By July 1, 2002 Census the fast-growing city's population had reached 143,711. , to Citation Corporation for approximately $25 million. The facility, acquired by Amcast in 1987, produces ferrous ferrous (fĕr`əs), iron in the +2 valence state. Containing or having to do with iron. The difference between ferrous and ferric is the number of valence electrons they contain (ferrous contains two and ferric contains three), which and nonferrous investment castings for the aerospace industry. Sales last year were about $19 million. This is the only Amcast operation involved in the aerospace industry. The sale is expected to be concluded by the end of March. Amcast Industrial Corporation is a leading manufacturer of technology-intensive metal products. Its two business segments are brand name FLOW CONTROL PRODUCTS marketed through national distribution channels, and ENGINEERED COMPONENTS for original equipment manufacturers. The company serves four major sectors of the economy: automotive, construction, industrial, and aerospace. CONTACT: Amcast Industrial Corporation Phyllis Naylor, 937/291-7011 |
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