AmeriCast completes purchase of Atlas castings and technology.AmeriCast Technologies, Atchison, Kan., announced it has completed the purchase of Atlas Castings and Technology, Tacoma, Wash. Atlas has steel casting 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. and machining facilities in Tacoma and Chehalis, Wash., making products primarily for the oil and gas industry, nuclear and 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. power generation and the U.S. Navy. The acquisition of Atlas will increase AmeriCast annual sales to more than $300 million while diversifying and expanding marketplace opportunites beyond its current focus on locomotive, mass transit mass transit, public transportation systems designed to move large numbers of passengers. Types and Advantages Mass transit refers to municipal or regional public shared transportation, such as buses, streetcars, and ferries, open to all on a , mining and heavy construction. Duane Britschgi, president of Atlas, said he and his senior management team have joined AmeriCast as equity investors and will continue their current roles at Atlas. All of AmeriCast's six wholly owned business units--Atchison Steel Castings, Atchison, Kan., and St. Joseph, Mo., Amite Foundry, Amite, La., Prospect Foundry, Minneapolis, London Precision Machining, London, Ontario, Canada, AmeriCast Global Services, and Atlas--report to CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Tom Armstrong Tom Armstrong is an American cartoonist born in Indiana and a graduate of the University of Evansville. He was the original artist on the newspaper comic strip John Darling, which he drew from 1980 through 1984. . |
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