Citation Corporation makes acquisition announcement.BIRMINGHAM, Ala.--(BUSINESS WIRE)--April 8, 1996--Citation Corporation (Nasdaq: CAST) announced today that it concluded its acquisition of the assets of Bohn Aluminum Corporation of Butler, Indiana Butler is a city in DeKalb County, Indiana, United States. The population was 2,725 at the 2000 census. Geography Butler is located at (41.430166, -84.871859)GR1. . Bohn Aluminum is a producer of aluminum permanent mold castings to the medium truck, diesel engine and construction equipment markets. In addition to producing aluminum castings, the company operates its own smelter which remelts aluminum scrap for reuse. The company also produces aluminum billets from remelt for use in forging production by other manufacturers. Bohn Aluminum's sales in 1995 were approximately $32 million. The company has approximately 275 employees. Tim Roberts, Citation Group vice president of the Special Foundry Group, which includes Citation's other aluminum companies said that Leonard Roselle Roselle (rōzĕl`), borough (1990 pop. 20,314), Union co., NE N.J.; set off from Linden 1890 and inc. 1894. Chiefly residential, the borough has some industry. , who currently serves as president of Bohn Aluminum, would remain in that capacity. He said other members of management were expected to remain with the company after the acquisition was completed. Permanent mold aluminum castings are produced by pouring molten aluminum into metal molds, normally on a rotary carousel, and, following solidification so·lid·i·fy v. so·lid·i·fied, so·lid·i·fy·ing, so·lid·i·fies v.tr. 1. To make solid, compact, or hard. 2. To make strong or united. v.intr. , removing the castings from the molds for further processing. It is a process for producing medium to high volume parts. Citation Corporation also owns two other aluminum companies, Oberdorfer Industries Corporation of Syracuse, New York
Syracuse (IPA: and Southern Aluminum Castings Co. of Bay Minette, Alabama Bay Minette is a city in Baldwin County, Alabama, United States. As of the 2000 census, the population of the city was 7,820. [1] According to the 2005 U.S. Census estimates, the city had a population of 7,808. [2] The city is the county seat of Baldwin County. . With the acquisition of Bohn Aluminum, Citation Corporation now has more than $100 million of aluminum casting capacity, making Citation one of the 10 largest independent aluminum castings producers in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Citation Corporation, headquartered in Birmingham, is a major components supplier to leading manufacturers of durable goods durable goods Goods, such as appliances and automobiles, that have a useful life over a number of periods. Firms that produce durable goods are often subject to wide fluctuations in sales and profits. Also called consumer durables. . With Bohn, the company currently operates 17 manufacturing facilities in nine states and employs more than 5,000 employees. During its fiscal year 1995, its sales were approximately $308 million. CONTACT: Citation Corporation, Birmingham Stanley B. Atkins, 205/871-5731 |
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