Druid Capital Partners and Elyton Capital have bought AFS Corporate Member Franklin Iron Works, Inc. (FIW) and Alabama Castings, LLC—collectively known as “Franklin Iron.”
According to reporting by bizjournals.com, new ownership plans to retain all 145 Franklin Iron employees. A Druid Capital spokesperson told the journal that FIW is hiring for select positions at its locations in Thorsby and Aliceville, Alabama.
Dee Manufacturing, an affiliate of AFS Corporate Member Wisconsin Aluminum Foundry, is one of five companies to receive funding from the Minnesota Job Creation Fund and the Minnesota Investment Fund, according to an announcement August 18 from the Minnesota Department of Employment and Economic Development (DEED). Located in Crookston, Dee Manufacturing has been awarded $175,000, which will go toward facility expansion that’s expected to create 30 jobs in the next three years, with an average wage of $19.40 an hour.
Potentia Manufacturing Group has purchased New England Foundry LLC, formerly the Anbar division of Edson International. Located in Taunton, Massachusetts, New England Foundry—which specializes in sand casting of aluminum, brass, and bronze chiefly for the marine market, as well as aerospace and industrial markets—continues to manufacture its products in its updated Taunton facility.
Shinhwa Auto USA Corp. is adding a second auto parts manufacturing facility in Auburn, Alabama, as part of a $78 million growth project that will create 42 jobs over the next three years. The company will build a new 400,000-sq.-ft. factory across from its existing location in Auburn Technology Park West.
AFS Corporate Member SinterCast, a global supplier of process control technology for high volume production of compacted graphite iron (CGI), reported record series production in the second quarter of 2022, reaching 3.6 million Engine Equivalents and surpassing the previous quarterly record of 3.5 million Engine Equivalents set in the third quarter of 2019.
McWane Ductile Ohio—part of the McWane, Inc. family of companies––has announced a $45 million total investment in its Coshocton County plant. Its investment has more than doubled since the initial $21.5 million collaboration was finalized with JobsOhio, the Ohio Department of Development, Ohio Southeast Economic Development (OhioSE) and the Coshocton County Port Authority, including a 1.372%, six-year Job Creation Tax Credit from the Ohio Tax Credit Authority.
Britain’s National Grid Electricity Transmission (NGET) and UK-based technology company, Rawwater, are collaborating to trial a novel means of sealing harmful environmental leaks of Sulphur Hexafluoride (SF6) by reducing emissions from small bore pipework. A powerful greenhouse gas, SF6 is a safety feature of gas insulated switchgear (GIS) equipment, a key component of electricity transmission systems.
A Northwestern University project––including work by Dr. David Dunand, professor of materials science and engineering at the McCormick School of Engineering––is one of 30 selected for funding by the U.S. Department of Energy (DOE) to reduce industrial emissions and manufacture clean energy technologies.
Working with Boeing and AFS Corporate member Eck Industries, “Replacing Cerium with Energy-Efficient Mischmetal in Cast Aluminum Alloys for Aerospace Applications,” is receiving $500,000 of the $57.9 million funded by the DOE’s Advanced Manufacturing Office.
Blue Sage Capital, an Austin, Texas-based private equity firm, has completed its investment in Baker Manufacturing Co., LLC, Evansville, Wisconsin, which makes residential, industrial, municipal, and environmental water well equipment and accessories, as well as specialized rotary gear pumps and ductile and gray iron castings.
A Northwestern University project––including work by Dr. David Dunand, professor of materials science and engineering at the McCormick School of Engineering––is one of 30 selected for funding by the U.S. Department of Energy (DOE) to reduce industrial emissions and manufacture clean energy technologies.
Working with Boeing and AFS Corporate member Eck Industries, “Replacing Cerium with Energy-Efficient Mischmetal in Cast Aluminum Alloys for Aerospace Applications,” is receiving $500,000 of the $57.9 million funded by the DOE’s Advanced Manufacturing Office.