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American Shiloh Industries has expanded its light weight casting offering with the acquisition of Contech Castings, a provider of high-pressure aluminum die cast parts for the automotive industry. TH
9/26/2013 |
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American Shiloh Industries has expanded its light weight casting offering with the acquisition of Contech Castings, a provider of high-pressure aluminum die cast parts for the automotive industry.
The deal adds P2000 squeeze casting, ThinTech vacuum casting and high-pressure conventional die casting capabilities, complementing Shiloh''s existing high-pressure and high-vacuum casting capabilities.
Besides the expansion in casting technologies, this acquisition will enable Shiloh to expand its reach to Contech''s locations in Indiana, Michigan and Tennessee.
Shiloh Industries president and chief executive officer Ramzi Hermiz said the acquisition will strengthen company''s technology and add capacity with the addition of Contech to further enhance Shiloh''s position.
"One of the necessary advancements for removing weight from vehicles is going to come through increased optimization of aluminum components, which is driving demand for high-pressure, high-vacuum casting and structural squeeze cast components," Hermiz said.
"This acquisition creates a unique, deep and talented team of experts that offer new solutions for lightweighting challenges."
THE 15th CHINA(GUANGZHOU) INT¡±L EXHIBITION OF CASTING PRODUCTS AND TECHNOLOGY SYMPOSIUM
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