CFI, KEC Form Acquisition-Oriented Partnership.In an effort to facilitate continued growth and development as a leading manufacturer in the metalcasting industry, Southern California-based Consolidated Foundries, Inc. (CFI CFI abbr. cost, freight, and insurance ), has formed a strategic partnership with Key Equity Capital (KEC KEC Kootenai Electric Cooperative KEC Kongu Engineering College (Tamilnadu, India) KEC Kentucky Exposition Center (Louisville, Kentucky) KEC Krupajal Engineering College (India) ), a Seattle-based investment firm. The agreement includes a $7-million equity investment in CFI by KEC. CFI, a supplier of high-precision, high-performance cast metal parts to the aerospace, medical and other industrial markets, owns PAC Foundries in Port Hueneme Port Hueneme (wī'nē`mē), city (1990 pop. 20,319), Ventura co., S Calif., on the Pacific coast; founded 1870, inc. 1948. It has an artificial deep-sea harbor and is the site of a huge naval construction-battalion (Seabee) center. and Cudahy, California Cudahy is a city located in southeastern Los Angeles County, California. In terms of area, Cudahy is the second smallest city in Los Angeles County with one of the highest population densities of any incorporated city in the United States. It is part of the Gateway Cities region. . Over the past 9 years, the firm has pursued acquisitions aimed at creating a strong, integrated company with expertise in investment, sand casting and permanent mold casting. As a result of the strategic partnership, CFI expects to aggressively continue with its acquisition strategy. We look forward to continuing to develop capabilities and strengths that will strategically position us to support our customers' initiatives and programs," said CFI President and 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. Stephen Clodfelter. |
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