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This Week’s Metalcasting News Review
Private Equity Group to Buy TK WaupacaThyssenKrupp AG is selling its gray and ductile iron foundry group to KPS Capital Partners, LP for an undisclosed price. TK Waupaca operates six plants in Wisconsin, Indiana, and Tennessee, with approximately 3,500 workers. The sale is expected to be final during 2Q 2012, but remains subject to ordinary closing conditions, according to a KPS statement. The company will be renamed Waupaca Foundry Inc., and its president and CEO Gary Gigante and the current management team will remain in place. |
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R&D Project Adds Nano-Tech ExpertisePowdermet Inc., a developer of “nano-engineered metallic composites,” has joined the NIST-led research program announced more than two years ago to develop lighter aluminum and magnesium castings. The company’s primary focus is developing “nanocomposite aluminum alloys” that have higher ductility than high-strength aluminum alloys (like aluminum-lithium.) |
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Featured This Week
Seven Steps to Stress PreventionA 2011 study commissioned by the American Psychology Assn. indicated incidents of workplace stress are commonplace, with 36% of employees reporting feeling some degree of stress on a daily basis — and 20% feeling extremely stressed. The primary causes cited for this stress were lack of opportunities for growth and advancement (43%), heavy workload (43%), unrealistic job expectations (40%), and long hours (39%). |
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All debts public and privateMany of the same voices raised against the tactics of private equity investors have none of the same compunction about public equity investment. |
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Upcoming Events
SME 2012 Annual ConferenceJune 3-5 — Cleveland |
8th China Intl. Diecasting Conference & ExhibitionJune 17-22 — Shanghai |
ASM Aeromat 2012June 18-20 — Charlotte |
Design & Manufacturing MidwestJune 19-21 — Chicago |
NFFS Foundry Noise Exposure Training SeminarJune 20 — Montebello, CA |
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