Arconic Corporation, headquartered in Pittsburgh, PA, entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo Global Management, Inc. The all-cash transaction, valued at around $5.2 billion, includes a minority investment from funds managed by affiliates of Irenic Capital Management. Upon completion of the transaction, the company’s shares will no longer […]
By Andrew Halonen, Mayflower Consulting LLC. Commercial vehicles have one key difference from passenger cars. They are a tool to do work and are, therefore, specified and built with a certain application in mind, which is often referred to as the duty cycle. Maintenance of the commercial vehicle is necessary, yet downtime to fix the […]
Hammerer Aluminium Industries (HAI) is investing €25 million to construct a 2,600 sq m fabrication hall at its plant in Soest, Germany. This is a part of the company’s strong growth plan and is in addition to its previously announced €100 million investments for the installation of two new press lines, processing centers, and a […]
ABC Aluminum Solutions is continuing its growth trajectory. The company broke ground on a major expansion project at its extrusion plant in Tijuana, Mexico. This investment project will enable the company to expand capacity and better serve its customer base, as well as hire 50 additional employees. The project includes the construction of a 16,995 […]
Bonnell Aluminum, a subsidiary of Tredegar Corporation, plans to expand its operations focused on the production of TSLOTS aluminum structural framing system. The company will add a manufacturing and distribution site for the framing system to its existing facility in Newnan, Georgia. This will enable Bonnell to provide customers based in the Southeastern U.S. to […]
Hydro completed the acquisition of Hueck, a globally active manufacturer of extruded aluminum profile systems for windows, doors, and façade applications, for €60.3 million (~US$64.3 million). This follows approval from competition authorities in Germany and Austria. Founded in 1814, Hueck is headquarted in Lüdenscheid based, Germany. The company has decades of experienced developing profile systems, […]
LIFT, the Detroit-based, Department of Defense (DOD)-supported national manufacturing innovation institute, has entered into a new education and workforce development partnership with the Aluminum Extruders Council (AEC). This collaboration will establish a nationwide pipeline for graduates of LIFT’s Operation Next® training initiative, funneling them towards jobs in the aluminum extrusion industry. Operation Next is currently […]
The Lenox Group started up a compact-size gas nitriding system for its aluminum extrusion plant in Bulgaria, where it recently expanded its operations with a second extrusion press. Faced with increased production and disappointing nitriding results from third-party processing services, Lenox decided to bring the nitriding operations in-house to improve die reliability through more stringent […]
