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Currently, the aluminum, magnesium, and zinc diecasting and metal-injection molding group has 23 plants in 16 countries.

Dynacast’s Purchase of Tek-Cast Drives Global Vision

Dec. 27, 2015
Diecasting/MIM group’s chairman promises “more to come” in pursuit of global growth Adds multi-slide zinc, aluminum capacity … CNC machining depth in North America Parts from 0.002 to +20 lbs.

Charlotte-based Dynacast Inc. has an agreement to acquire Tek-Cast Inc./MH Machining Group, Bensenville, IL, a deal the group’s chairman and CEO noted would be “the first step of many more to come over the next year or two."

The purchase is described as an effort to expand its “multi-slide zinc, aluminum capacity and CNC machining depth in North America. No price has been listed for the acquisition.

Dynacast is a diecasting and metal-injection molding group with 23 plants in 16 countries. Its aluminum, magnesium, and zinc products are manufactured by both the cold-chamber and hot-chamber diecasting processes. It supplies components to customers in automotive, telecommunications, computing, consumer electronics, and healthcare markets.

In its announcement on the latest purchase, Dynacast called the Tek-Cast Inc. addition “an excellent strategic move” toward its investors’ and managers’ vision of a global organization with revenues in the $1.5 billion-$2-billion range.

Tek-Cast Inc./MH Machining was established in 1995 as a producer of small zinc diecastings. It now produces castings ranging from 0.002 lb. to more than 20 lbs., and offers product modeling, mold-flow simulation, machining, assembly, finishing, painting, e-coating, anodizing, and other post-production services. In addition to zinc alloys Zamak 3, 5, and 8, it diecasts aluminum alloys 380, 383, 360, and 413.

The buyer also recognized the importance of Tek-Cast's customers to its growth strategy, claiming it gives access to “unparalleled experience, stemming from over 80 years pioneering the techniques and technologies that have redefined the diecasting industry. The move will ensure every customer receives insight and expertise that adds value at every stage of the design and manufacturing process.”

Simon Newman, chairman and chief executive officer, stated: "Dynacast has a rich history of continuously refining our proprietary manufacturing technologies, in-house tooling expertise, and innovative design processes. It means that today, we can manufacture highly complex metal components in a fast, repeatable, and precise manner.

“We look forward to bringing added insight and capabilities to Tek-Cast's customers. Additionally, this acquisition is the first step of many more to come over the next year or two," according to Newman.