Sigma acquires Avalon Precision Casting
AFS Corporate Member Sigma Electric Manufacturing Corporation (Garner, North Carolina), a manufacturer of ferrous and non-ferrous castings, announced the acquisition of Avalon Precision Casting (Cleveland). Avalon manufactures investment castings for customers in the aerospace, defense, HVAC, power, agriculture, and oil and gas end markets.
In a news release, Avalon said the “combination of Avalon’s investment castings capabilities and Sigma’s global, market-leading casting and precision machining capabilities brings significant product sourcing, supply chain management, and scale opportunities to each company’s customer base.”
“We are excited about the addition of the Avalon facilities, and warmly welcome Avalon as a part of the Sigma team,” Sigma president and CEO Viren Joshi said. “This acquisition combines the excellent investment casting capabilities of Avalon with the global presence and strengths of Sigma. The combination of both companies will add value for our combined customer base, as together we create a more comprehensive product and service offering leveraging the strengths of both companies.”
In the news release, Sigma touted how the acquisition of Avalon means “the combined business is well placed to be a valuable strategic partner as customers increasingly look to manage and streamline complex global supply chains and work with world-class casting suppliers with comprehensive product offerings across metal types and process capabilities.”
“We are proud of Avalon’s long history as a valued supply partner for our investment casting customers,” Avalon president and CEO David Palivec said. “Our new partnership with Sigma will enhance our capabilities to help us better serve our markets and expand our product offering. We look forward to our next phase of growth as a part of Sigma’s global platform.”
Along with its portfolio of metalcasting facilities, Sigma also has a 180,000 sq. ft. warehouse/distribution and technical center near Raleigh, North Carolina. In 2003, the company shifted to lean manufacturing.
Per its website, Sigma “offers customers a wide range of services including engineering and design, secondary finishing, assembly, packaging and global supply chain management.”