Americast Technologies sells to private equity firm.AmeriCast Technologies Inc., Atchison, Kan., announced that funds managed by 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 , a private equity firm, have purchased 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 in the steel and iron casting company. Members of the AmeriCast management team, along with Bradken, Waratah, Australia, a former holding of Castle Harlan's Australian affiliate, also made significant investments in the company. Americast operates three metalcasting facilities--Atchison 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. , Atchison, Kan., Amite Foundry A semiconductor manufacturer that makes chips for third parties. It may be a large chip maker that sells its excess manufacturing capacity or one that makes chips exclusively for other companies. , Amite, La., and Prospect Foundry, Minneapolis--along with London Precision Machining, London, Ontario, Canada, and AmeriCast Global Services, Shreveport, La. |
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