Xaloy buys New Castle.Xaloy Inc. in Pulaski, Va., has cemented its position as the world's largest independent producer of screws and barrels with the purchase of New Castle Industries of New Castle, Pa. Xaloy officials say the two firms' businesses are complementary with little overlap o·ver·lap n. 1. A part or portion of a structure that extends or projects over another. 2. The suturing of one layer of tissue above or under another layer to provide additional strength, often used in dental surgery. v. . New Castle's strength in screws for extrusion pairs well with Xaloy's strength in screws for injection molding injection molding n. A manufacturing process for forming objects, as of plastic or metal, by heating the molding material to a fluid state and injecting it into a mold. . Xaloy also gains entree into the roll business with New Castle's three brands--F.R. Gross, Keystone key·stone n. 1. Architecture The central wedge-shaped stone of an arch that locks its parts together. Also called headstone. 2. The central supporting element of a whole. , and Tanner The code name for the Xeon version of the Pentium III chip. See Xeon. . The purchase increases Xaloy's overall sales by about 50%. For the time being, New Castle will be maintained as a separate entity. However, Xaloy president Walter Cox said, "We plan to rapidly consolidate production capacities. We will look further for synergies in sales and administrative areas." |
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