AmeriCast buys Atlas Castings.AmeriCast Technologies, Atchison, Kan., has entered into exclusive negotiations to acquire Atlas Castings and Technology, Tacoma, Wash.Atlas, which has casting and machining facilities in Tacoma and Chehalis, Wash., adds energy and defense steel castings Steel casting is a manufacturing process in which molten metal is poured into a mold, allowed to solidify within the mold, and then the mold is broken and the solid piece is taken out. to AmeriCast's product mix, which currently consists primarily of heavy construction, mining and railroad steel components. Atlas serves both the fossil fuel fossil fuel: see energy, sources of; fuel. fossil fuel Any of a class of materials of biologic origin occurring within the Earth's crust that can be used as a source of energy. Fossil fuels include coal, petroleum, and natural gas. and nuclear energy markets, as well as the U.S. Navy. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. an AmeriCast press release, Atlas's revenues for the 2006 calendar year were $206 million, up 20% from the previous year. AmeriCast, which sold a controlling interest controlling interest The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail to private equity firm Castle Harlan Inc., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , late last year, will add Atlas to a list of five business units: Atchison Steel Castings, Atchison, Kan., and St. Louis, Amite Foundry, Amite, La., Prospect Foundry, Minneapolis, London Precision Machining, London, Ontario, Canada, and AmeriCast Global Services. |
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