Latest from Materials

Aleksandr Matveev | Dreamstime
Thiti Tangjitsangiem | Dreamstime
'Availability of new foundry sand is already becoming a challenge, along with the need of providing new solutions to waste management,” according to the director of a metallurgical research center.
'Availability of new foundry sand is already becoming a challenge, along with the need of providing new solutions to waste management,” according to the director of a metallurgical research center.
'Availability of new foundry sand is already becoming a challenge, along with the need of providing new solutions to waste management,” according to the director of a metallurgical research center.
'Availability of new foundry sand is already becoming a challenge, along with the need of providing new solutions to waste management,” according to the director of a metallurgical research center.
'Availability of new foundry sand is already becoming a challenge, along with the need of providing new solutions to waste management,” according to the director of a metallurgical research center.
Branimir Ritonja | Dreamstime
Automotive cast parts.
Automotive cast parts.
Automotive cast parts.
Automotive cast parts.
Automotive cast parts.
Seesea | Dreamstime
Fire photo
Fire photo
Fire photo
Fire photo
Fire photo
Jacek Sopotnicki | Dreamstime
With deoxidized base iron, carbon levels can be increased to 3.30% C and alloying can be completely or nearly eliminated at the same time.
With deoxidized base iron, carbon levels can be increased to 3.30% C and alloying can be completely or nearly eliminated at the same time.
With deoxidized base iron, carbon levels can be increased to 3.30% C and alloying can be completely or nearly eliminated at the same time.
With deoxidized base iron, carbon levels can be increased to 3.30% C and alloying can be completely or nearly eliminated at the same time.
With deoxidized base iron, carbon levels can be increased to 3.30% C and alloying can be completely or nearly eliminated at the same time.
Simone Neuhold / RHI Magnesita
Many refractory products are custom-developed and manufactured for particular applications, and also usually contaminated with material they have absorbed while lining furnaces or ladles, which makes the recycling process a challenge.
Many refractory products are custom-developed and manufactured for particular applications, and also usually contaminated with material they have absorbed while lining furnaces or ladles, which makes the recycling process a challenge.
Many refractory products are custom-developed and manufactured for particular applications, and also usually contaminated with material they have absorbed while lining furnaces or ladles, which makes the recycling process a challenge.
Many refractory products are custom-developed and manufactured for particular applications, and also usually contaminated with material they have absorbed while lining furnaces or ladles, which makes the recycling process a challenge.
Many refractory products are custom-developed and manufactured for particular applications, and also usually contaminated with material they have absorbed while lining furnaces or ladles, which makes the recycling process a challenge.

Questions Surround Thresher Industries Sale

March 25, 2010
An unidentified investors undetailed purchase offer drives up diecasters shares

Thresher Industries has agreed to be bought by an unknown investor. The company’s statements on the deal have generated some interest among small-cap stock investors, but also criticism of the diecaster for the lack of detail it has offered about the takeover.

Following a conference call on the proposal, Thresher chief financial officer Roger Rowell confirmed in a statement that, despite some misunderstanding, the bidder has offered to buy all “issued and outstanding shares” of Thresher Industries for $0.01 per share.

“We are now starting the due-diligence phase of the process and once that is complete the next phase will be the finalizing of all documents necessary to close this transaction,” Rowell said.

Thresher produces diecast components in aluminum and metal-matrix composites, which are used to manufacture products like automotive water pumps, torque boxes, engine cradles, and suspension components. Recently, it has reportedly developed a niche supplying parts for LED lighting manufacturers.

On March 12, Hanford, CA-based Thresher said it had received a letter of intent to buy the company, “an extremely attractive package with a suggested settlement that is significantly above the current market price range.”

After consideration, the company’s directors agreed to accept the takeover offer. The deal is expected to close by April 10.

Thresher CEO Tom Flessner subsequently explained the offer is $0.01 per share of outstanding stock; the stock’s recent trading range has been $0.002 to $0.006 per share. The news of the offer generated a considerable increase in the trading activity for Thresher stock.

Flessner has not named the buyer, but explained that the offer came from a group with which Thresher previously engaged in discussions over its manufacturing technology. He indicated that Thresher will continue to operate at its 18,000-ft2 plant, and that the management team will remain in place following the sale.