Industry News

Waupaca Foundry honored by Toyota

AFS Corporate Member Waupaca Foundry (Waupaca, Wisconsin) was honored by Toyota Industrial Equipment Manufacturing with one of five available professional excellence awards. Waupaca is the first Tier II supplier to be honored with one of these awards.

Waupaca has supplied iron castings to TIEM since 2002. In 2017, Waupaca was contracted to produce 21 parts at its gray and ductile iron foundries in Waupaca and Marinette, Wisconsin, and Tell City, Indiana.

Consolidated Precision Products acquiring Selmet

Consolidated Precision Products Corp. (Cleveland), a manufacturer of components and sub-assemblies primarily for the commercial aerospace and defense markets, announced it has reached an agreement to acquire Selmet Inc. (Albany, Oregon).

Selmet is a manufacturer of titanium castings and machined components for the aerospace and defense industries. Founded in 1983, Selmet operates an investment casting foundry.

Spuncast donates to local high school for manufacturing courses

AFS Corporate Member Spuncast Inc. (Watertown, Wisconsin) donated $5,000 to Watertown High School to support its manufacturing courses.

“We are enthusiastic to continue supporting the future of our community, especially since the Watertown community has supported our business throughout the past 42 years,” Don Payne, Spuncast CEO, said according to the Watertown Daily Times.

According to the report, the school has been working to finalize curriculum and select equipment for classes during the 2018-19 school year. and was working to raise $60,000.

Private equity firm acquires Wellman Dynamics

Trive Capital (Dallas), a private equity firm, through its affiliate WDC Acquisition LLC has acquired substantially all of the assets of Wellman Dynamics Corporation (Creston, Iowa) pursuant to Section 363 of the U.S. Bankruptcy Code. Wellman is an aerospace supplier that manufactures large scale, complex magnesium and aluminum castings for the defense and commercial aerospace markets and other industrial segments.

The sale closed May 7.