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AmeriCast buys Atlas Castings.

AmeriCast Technologies, Atchison, Kan., has entered into exclusive negotiations to acquire Atlas Castings and Technology, Tacoma, Wash.

Atlas, which has casting and machining facilities in Tacoma and Chehalis, Wash., adds energy and defense steel castings to AmeriCast's product mix, which currently consists primarily of heavy construction, mining and railroad steel components.

Atlas serves both the fossil fuel and nuclear energy markets, as well as the U.S. Navy. According to an AmeriCast press release, Atlas's revenues for the 2006 calendar year were $206 million, up 20% from the previous year.

AmeriCast, which sold a controlling interest to private equity firm Castle Harlan Inc., New York, late last year, will add Atlas to a list of five business units: Atchison Steel Castings, Atchison, Kan., and St. Louis, Amite Foundry, Amite, La., Prospect Foundry, Minneapolis, London Precision Machining, London, Ontario, Canada, and AmeriCast Global Services.
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Title Annotation:North America
Publication:Modern Casting
Date:Apr 1, 2007
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