Printer Friendly

Miller centrifugal casting company sold to Austrian firm.

Miller Centrifugal Casting Company (MCC), Cecil, Pa., announced it has been sold to Eisenwerk Sulzau-Werfen (ESW), Tenneck, Austria.

According to a press release issued by the company, MCC will continue to operate under its current name but will have an expanded global presence under roll and sheet caster ESW. Terms of the sale were not disclosed.

"This acquisition reflects a strategic growth initiative enabling ESW and MCC to pursue new and emerging global market opportunities in the metals sector," said MCC President Ian Sadler. "The combination of their technological strengths and dominant market positions yields superior capacity for expansion and long-term sustainability. Additional capital investment by ESW is anticipated at MCC, as well as the creation of new jobs in the future."

ESW produces rolls for the steel industry and currently exports to more than 50 countries. MCC centrifugally casts steel mill sleeves used in the production of long products, as well as large gear blanks used in the power generation, metal, mining and construction equipment markets. It had estimated revenues of $21 million in 2008.

According to the MCC release, it will retain all of its 47 employees.
COPYRIGHT 2009 American Foundry Society, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

 
Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:North America
Publication:Modern Casting
Date:Sep 1, 2009
Words:189
Previous Article:Sand caster Aerocast wins multi-year Sikorsky aircraft contract.
Next Article:CAF completes order of specialty screens.
Topics:


Related Articles
Birchmere Capital, Wilder-Deem purchase Miller Centrifugal Casting Co. (Acquistions).
ThyssenKrupp Budd sells aluminum metalcasting facility.
New management studies include AFS operational cost, AFS survey of wages and economic benefits.
Castings are closer than they appear: while some of the major U.S. and Asian automakers head to low-cost countries for castings, others are keeping...
List of exhibitors (as of March 27).
Business For Sale; 35 -- Industrial Machinery & Equipment; WORLD RENOWNED MANUFACTURER OF FOUNDRY EQUIPMENT.
Business For Sale; 35 -- Industrial Machinery & Equipment; WORLD RENOWNED MANUFACTURER OF FOUNDRY EQUIPMENT.
Brake specialist Brembo to build new casting facility.
Business For Sale; 35 -- Industrial Machinery & Equipment; WORLD RENOWNED MANUFACTURER OF FOUNDRY EQUIPMENT.
Business For Sale; 35 -- Industrial Machinery & Equipment; WORLD RENOWNED MANUFACTURER OF FOUNDRY EQUIPMENT.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters