Wisconsin Aluminum Foundry in Manitowoc, WI, purchased ATEK Metal Utilized sciences, New Hampton, IA, rising the group and growing its downstream attain. WAF producers aluminum and copper-alloy castings, whereas ATEK specializes in low-pressure eternal and semi-permanent mildew aluminum castings.
The price of the private transaction was not launched.
“Not solely is the crew at ATEK knowledgeable and devoted, nonetheless the merchandise it makes complement our current decisions, making this a pure match,” based mostly on WAF CEO Sachin Shivaram. “In the long run, we’re centered on establishing the northern Midwest as a result of the place for high-quality aluminum castings.”
Since 2021 WAF has acquired DEE Inc., Crookston, MN; Manitowoc Pattern & Machining, Manitowoc, WI; and Wabash Castings in Wabash, IN. It moreover initiated a $25-million development to its permanent-mold casting functionality for tilt/static and low-pressure pouring.
Wisconsin Aluminum Foundry makes use of green-sand, air-set, and eternal mildew casting and low-pressure molding to pour nonferrous castings for automotive, agriculture and growth, enterprise cars, safety, medical, and railroad manufacturing, amongst others.
ATEK’s markets embrace motorsports, recreation, transportation, and fundamental enterprise prospects.
In response to Mark Osmanski, CEO of ATEK Companies, “Making the selection to advertise ATEK was not a easy one nonetheless after meeting with WAF administration it was clear that the company and crew might be in good palms. We couldn’t ask for a better agency to take possession.”
“The demand for American made merchandise continues to develop and that’s one different step forward in WAF’s method to develop our high-quality aluminum casting capabilities,” Shivaram acknowledged. “The scale, sophistication, and breadth of suppliers we’re capable of present our prospects is unmatched by something throughout the market. We’re developing one factor truly distinctive.”