Dameron establishes new Mexican facility, completes company acquisitions to enhance growth.Dameron Alloy Foundries, Compton, Calif., has expanded the company's investment casting investment casting Precision casting for forming metal shapes with minutely precise details. Casting bronze or precious metals typically involves several steps, including forming a mold around the sculptured form; detaching the mold (in two or more sections); coating its capabilities through two recent acquisitions as well as established a new casting plant south of the border. DafMex (Dameron Alloy Foundries in Mexico), Mexicali, Mexico, poured its first casting in May, and has continued to produce stainless steel stainless steel: see steel. stainless steel Any of a family of alloy steels usually containing 10–30% chromium. The presence of chromium, together with low carbon content, gives remarkable resistance to corrosion and heat. components for the pump and valve markets with plans to expand into other alloys and markets. The 44,000-sq.-ft. investment casting facility houses 35 employees, but all design and machining capabilities remain at the company's facility in Compton. 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. Dave Baron, Dameron's vice president of sales and marketing, the expansion to Mexicali, in Mexico's Maquiladora ma·qui·la·do·ra n. An assembly plant in Mexico, especially one along the border between the United States and Mexico, to which foreign materials and parts are shipped and from which the finished product is returned to the original market. sector of production facilities along the U.S.-Mexico border, was to contain costs. Additionally, Dameron recently completed the acquisitions of the assets of two other metalcasting companies. In July, the company acquired the assets of the Precision MicroCast Inc. (PMI See Private Mortgage Insurance. ), Ventura, Calif., investment casting facility. In the transaction, Dameron also acquired PMI's vacuum cast and heat treatment capabilities for both ferrous and non-ferrous components. Through this, the company expands its customer base to the aerospace, aircraft pump and valve, medical and defense industries. Dameron also acquired the assets of Shogun shogun (shō`gŭn'), title of the feudal military administrator who from the 12th cent. to the 19th cent. was, as the emperor's military deputy, the actual ruler of Japan. Precision Castings Inc., Compton, Calif., in September. With the assets from this investment casting facility, Dameron gains further expansion of its alloy capabilities as well as its customer base. in addition to the markets served from the PMI transaction, the Shogun acquisition brings Dameron to the power generation and automotive industries. These two acquisitions of assets are not a first for Dameron. The company acquired Truecast Inc., Louisville, Ky., in 2002, which, like the recent acquisitions, heightened the company's assets and expanded Dameron's ferrous and non-ferrous alloy base. Overall, Dameron will benefit most from the broadened market it will now serve. "Along with the key personnel who have joined the organization and their combined level of experience, (these acquisitions) allow Dameron to re-enter re·en·ter also re-en·ter v. re·en·tered, re·en·ter·ing, re·en·ters v.tr. 1. To enter or come in to again. 2. To record again on a list or ledger. v.intr. the aerospace, aircraft and military markets that we were once heavily involved with a number of years ago," Baron said. |
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