Thresher Industries Acquires Talon Composites.HANFORD, Calif. -- Thresher Industries (THRI THRI Theodore Roosevelt Inaugural National Historic Site (US National Park Service) .PK), a manufacturer of aluminum and composite castings, completed the acquisition of Talon Composites, a manufacturer of premium metal matrix composites. Since announcing the planned acquisition in October, 2006, Thresher has already generated significant attention and customer interest in Talon's materials. RJ Easton acted as exclusive financial advisor in the transaction and has elected to become a shareholder in Thresher Industries. "We see Thresher as an exceptional long-term investment," said Richard Easton, Chairman 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. of 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 investment bank RJ Easton. Thresher's manufacturing and sales strength combined with the superior properties of Talons' patented materials have already generated new, high-revenue contracts and opportunities for expansion. Thresher expects that Talon's unique materials will become increasingly important in the high growth nuclear, automotive, electronics, robotics, defense, and thermal management sectors. Robin Carden, President of Talon, will continue under exclusive employment with Thresher. Carden is enthusiastic about the company's future and explained, "We have several large contracts in the Pacific Rim Pacific Rim, term used to describe the nations bordering the Pacific Ocean and the island countries situated in it. In the post–World War II era, the Pacific Rim has become an increasingly important and interconnected economic region. area on the immediate horizon, and our new technologies have allowed us to penetrate many new markets. Of course, Talon's patented materials will remain a standard in the nuclear containment and shipping industry." Roger Rowell, CFO See Chief Financial Officer. of Thresher said, "Talon has worked for years to develop the best material available in the nuclear shielding industry. The purchase of Talon gives Thresher direct access to that growing market. We also see applications for Talon's materials in other high growth industries such as aerospace, defense, and the automotive aftermarket. We believe this acquisition will give us a significant advantage over our competitors." About RJ Easton RJ Easton is a leading advisory firm specializing in the mergers and acquisitions of middle-market companies. RJ Easton excels at bringing the finest businesses to market, creating maximum reward for clients and delivering strategic value to investors. "Look no further than RJ Easton!" --Dow Jones Newswires www.rjeaston.com About Thresher Industries Thresher Industries produces aluminum castings for a variety of market segments, providing high quality conventional aluminum castings and outside services such as machining. A variety of casting finishes allows Thresher to provide value to their customers which exceeds that of conventional aluminum foundries. The alloys used in production processes are recycled aluminum, secondary ingot ingot Mass of metal cast into a size and shape such as a bar, plate, or sheet convenient to store, transport, and work into a semifinished or finished product. The term also refers to a mold in which metal is so cast. manufactured through recycling. www.thresherindustries.com About Talon Composites Talon Composites produces and markets a range of high performance advanced metal matrix material ("MMC See MultiMediaCard and Microsoft Management Console. ") products utilizing Talon's own proprietary technology under the name of Talbor[R], as well as Boralyn[R], a neutron absorbing material that contains Cogema Logistics technology. These MMCs consist primarily of aluminum and boron carbide boron carbide n. A compound of boron and carbon, especially B4C, an extremely hard, black crystalline compound or solid solution. It is used as an abrasive, in control rods for nuclear reactors, and as a reinforcing filament in composite and are supplied to the nuclear waste and nuclear transportation industries for neutron absorption applications. Talon's proprietary processes enable the boron carbide particulates to be dispersed evenly throughout the composite, making it especially suitable to the nuclear industry. Additionally, the high strength of the fine grain structure of Talbor[R] substantially boosts performance in wet and dry nuclear storage and transportation applications. Talon Composites materials can also be used in a wide variety of homeland security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States applications, in high-end automotive manufacturing, as well as in high-performance sporting goods Noun 1. sporting goods - sports equipment sold as a commodity commodity, trade good, good - articles of commerce sports equipment - equipment needed to participate in a particular sport . www.taloncomposites.com |
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