Weekly Update – August 24, 2010
This Week's Metalcasting News Review
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Grant Offers to Help Minnesota Foundries Go
Green
The initiative will combine lean process improvement and
sustainability practices, to target practical energy conservation and
waste-reduction opportunities. The University of Minnesota’s Technical
Assistance Program (MnTAP) and Change Management Associates of Mt.
Laurel, NJ, will help Enterprise Minnesota to develop the program.
Read more
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Valvemaker Conbraco Sold
Closely held valve manufacturer Conbraco Industries Inc. has been
sold to Aalberts Industries N.V., a Dutch firm with a compatible line of
business in the flow-control sector. Conbraco operates two foundries, in
Conway and Pageland, SC.
Read more
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Fairmount Sells Majority Stake to
Private-Equity Firm
Fairmount Minerals Ltd. has sold 51% of its privately held shares to
American Securities Capital Partners, a New York-based private equity
firm that previously held a share in the company’s stock. According to
a published report, the stock sale has raised $700 million for Fairmount
and created a $75 million revolving fund.
Read more
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