INTERMET DIE CASTING ASSETS SOLD TO REVSTONE – Revstone Industries, LLC purchased the assets of Intermet at auction last week for $11 million. More about the fate of the bankrupt Intermet will be known after July 14 when a bankruptcy …
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Empire Die Casting Company Bankruptcy Filing
Empire Die Casting Company Bankruptcy Filing – CHICAGO — Empire Die Casting Co. Inc. has filed for Chapter 11 bankruptcy protection and is seeking court approval to be acquired by a company that would operate it as a going concern. The Macedonia, Ohio, aluminum and zinc parts maker cited production problems as well as high labor and freight costs as reasons for filing the petition according to documents filed in U.S. Bankruptcy Court in Ohio.
Empire Die Casting, owned 97.7 by Chairman and Chief Executive Officer, Richard Rogel, also blamed its troubles on the ineffective implementation of the new enterprise resource planning system, according to court documents.
(citation http://www.amm.com/Article/3268180/Empire-Die-Casting-files-for-bankruptcy.html)
Kinetic Die Casting Company is saddened that another US Manufacturer is experiencing difficulties in the US marketplace today. Many manufacturers are faced with the same problems as Empire. We, on the other hand, are experiencing growth through better delivery and better quality from our lean manufacturing processes. The parts we make today, we ship today. Contact Kinetic Die Casting Company and ask how we can help your company.
Kinetic Die Casting Company (http://www.kineticdiecasting.com)
6918 Beck Avenue
North Hollywood, California 91605
818-982-9200
sales@kineticdc.com
http://www.facebook.com/kineticdc
#kineticdc @kineticdc
Posted in Die Casting Company
Tagged Business, Die Casting Company, Kinetic Die Casting Company, Manufacturing
3 Comments
Alloy Die Casting Company Buena Park California Sold
Alloy Die Casting Company located in Buena Park California has Sold – MCLEAN, Va., Oct. 3, 2013 /PRNewswire/ — Gladstone Investment Corporation (NASDAQ: GAIN) (“Gladstone Investment”) announces today that on October 1, 2013, it invested $16.3 million in a combination of debt and equity to purchase Alloy Die Casting Co. (“ADC”). Gladstone Investment’s affiliated company, Gladstone Capital Corporation (NASDAQ: GLAD) participated as a co-investor by providing $7.0 million of debt and equity financing on the same terms as Gladstone Investment in support of the acquisition.
Alloy Die Casting Company was founded in 1946 and headquartered in Buena Park, CA, ADC is a manufacturer of high quality, finished aluminum and zinc castings for aerospace, defense, aftermarket automotive and industrial applications. ADC provides its customers with engineering support and custom tool design and fabrication as well as in-house machining and finishing capabilities.
“Gladstone Investment is excited to partner with ADC’s talented and experienced management team. We look forward to the continued growth of the business and building upon the success of the management team over the past few years,” said Greg Bowie, a Director, Private Finance, of Gladstone Management Corporation, Gladstone Investment’s affiliated investment adviser.
Gladstone Investment Corporation is a publicly traded business development company that seeks to make debt and equity investments in small and mid-sized businesses in the United States in connection with acquisitions, changes in control and recapitalizations. Gladstone Investment has paid 99 consecutive monthly cash distributions on its common stock. Additional information on this transaction can be found at www.gladstonecompanies.com.
(source: http://online.wsj.com/article/PR-CO-20131003-906560.html)
According to a news release from Gladstone Investment Corp., Alloy Die Casting in Buena Park has been purchased by Gladstone for $16.3 million in combined debt and equity.
“Gladstone Investment is excited to partner with ADC’s talented and experienced management team. We look forward to the continued growth of the business and building upon the success of the management team over the past few years,” said Greg Bowie, a Director, Private Finance, of Gladstone Management Corporation, Gladstone Investment’s affiliated investment adviser.
Gladstone Investment, located at 1521 Westbranch Drive, Suite 200, in McLean, Virginia, is one of four affiliated investment companies. Gladstone Commercial Corporation, Gladstone Capital Corporation, and Gladstone Land Corporation are the other three.
Gladstone Capital Corporation participated as a co-investor in the purchase of Alloy Die Casting.
Alloy Die Casting Company is located at 6550 Caballero Blvd. in Buena Park. It was formerly operated by Sanders Industries in Long Beach as its only casting subsidiary. With the sale of Alloy Die Casting to Gladstone, Sanders will operate five polymer subsidiaries: Rubbercraft® Corporation of California, based in Long Beach; Northern Engineering (Sheffield) Ltd., based in Sheffield, England; Creavey Seal Company, based in Olyphant, Pennsylvania; Sanders Composites Inc., based in San Diego; and Fabritech Inc., based in West Chester, Pennsylvania.
Alloy Die Casting has been manufacturing complex die castings using aluminum, zinc, and zinc/aluminum alloys since 1946. In October of 2010, the company acquired Los Angeles Die Casting, a manufacturer of die cast products for industrial and aerospace applications, and consolidated operations in their Buena Park headquarters.
(source: http://www.oc-breeze.com/2013/10/05/39932_buena-parks-alloy-die-casting-sold-to-virginia-based-investment-company/)
Kinetic Die Casting Company
Kinetic Die Casting Company wishes to say “GOOD LUCK” and hopes the employees and staff of Alloy Die Casting Company success in continuing die casting operations in the Buena Park, California location. When Delmar Die Casting Company sold, the buyer moved all manufacturing operations to another state. Should things change for the ADC employees or staff, please remember Kinetic Die Casting when you are looking for your future.
Kinetic Die Casting Company (https://www.kineticdiecasting.com)
6918 Beck Avenue
North Hollywood, California 91605
818-982-9200
sales@kineticdc.com
#kineticdc @kineticdc
Posted in Die Casting Company
Tagged Business, Die Casting Company, Kinetic Die Casting Company, Manufacturing
12 Comments
The Difference between Die Casting or Investment Casting
The Difference between Die Casting or Investment Casting. If you are to select, what will you favor more; die casting or investment casting process? Choosing between the two is quite a quandary since they have some comparable features. To help you decide, this article will help you by presenting the rewards of both techniques.
Advantages of Die Casting
1.
Die casting delivers difficult shapes with a moderately high level of accuracy associated to other mass production technique.
2.
Die cast parts are being fashioned at a faster rate than most of the processes. Also, it needs little to no secondary machining.
3.
Due to its high accuracy when it comes to details, die cast parts are dimensionally stable. In addition, it is also long-lasting.
4.
The surface of die casting parts is fairly smoother than the metal cast parts shaped by other methods. Also, the surface could be fashioned with a wide variety of consistencies.
5.
Die cast parts, compared to the metal castings formed by other methods, can be accomplished with thinner walls.
Advantages of Investment Casting
1.
Investment casting brings the designer the freedom and pliability of almost countless alloy choices, and also elasticity in inside and outside configurations.
2.
Investment casting parts are industrial in a way that only insignificant secondary machining is vital.
3.
Investment casting procedure doesn’t have any draft necessities, making it more exact when it comes to dimensional conformance.
4.
One thing that Investment casting could claim about is its benefit in aesthetics. Fine details and intricate features, texts and logos are definitely attainable.
This is the blog on the Kinetic Die Casting Company web site. The most common metal cast is A380 Aluminum Die Casting Alloy. Look at this website page for more details: www.kineticdiecasting.com/tech.html. Contact Kinetic Die Casting Company at 818-982-9200 or email us at sales@kineticdc.com. Use this webpage to request “die casting part prices” www.kineticdiecasting.com/replyform.html
Changes at Kinetic Die Casting Company
Kinetic Die Casting Company (http://www.kineticdiecasting.com) has experienced several changes over the last few months.
- The day we celebrated 1400 days without a work related accident, we received a notice from an employee who has been out for personal medical reasons, that they believe they were injured a year prior and that injury caused their recent medical problems.
- Our engineer, George Binder, who has been with us for over four years, is no longer with us.
- We received over 100 die casting tools and inserts this year and finding more local toolmakers who can mount tooling inserts quickly is a becoming problem.
As a result of the above, we responded as follows:
- We will continue to celebrate our current employees’ efforts in working safely 1400+ days.
- We are searching for another manufacturing engineer to fill in the open position left by the departure of George Binder.
- We are denying the Workers Compensation claim and we have statements and proof of the fraudulence of the claim.
We are growing better as well as growing in sales. Our customers are guaranteed happiness by our teams, staff and sales department.
We are still making progress on our new ERP/MRP system we purchased this year. We are still making progress in our AS9100 Certification. We are still producing parts for almost every manufacturing industry.
Kinetic Die Casting Company
6918 Beck Avenue, North Hollywood, CA 91605
818-982-9200 sales@kineticdc.com
Functions of a Die Casting Company
Functions of a Die Casting Company. Die casting is an ordinary procedure in the metalworking industry. Die cast metal parts are being utilized by a lot of companies around the world. Almost all contemporary products that we utilize daily have metal parts in it. The purpose of a die casting company is to offer the manufacturing trade with the metal parts desired in the building of products and the manufacturing of goods. When die cast metals are required, a die casting company can design, produce, and assemble a custom made die cast metal product according to customers’ specifications, and also provide machining and finishing needs. These businesses will have in their employ a number of designers, engineers, and machinists. It will have a tool shop, a machining facility, a design area, and big die cast tooling machines to do the work.
A die casting company uses typically non-ferrous metals such as aluminum, zinc, magnesium, tin and lead. These are the simplest metals to mold. These metals have added practical properties such as light weight, non corrosiveness, high tensile strength, thermal and electrical conductivity. Each metal will have these diverse qualities in changeable amounts. The choice of metal will also sway what type of die casting machine will be utilized in its manufacture. The two types of machines are the hot chamber and the cold chamber machines. A great die casting company will offer customers with advisors who will help them decide the finest metal for a certain die cast part. Lastly, a great die casting company will offer completed precision quality products with accurate dimensions, sharp definitions, and a choice of finishes.
Kinetic Die Casting can manufacture aluminum automobile parts, heat sinks, aerospace parts and much more. If you are looking for aluminum or zinc parts, visit our website Kinetic Die Casting Company
