1-12-2011 REVSTONE ANNOUNCES PURCHASE OF NEW FABRICATION & STAMPING AND MAGNESIUM DIE CASTING FACILITIES
Chihuahua, Mexico - Revstone Industries, LLC announced today its purchase of a magnesium die casting facility in Chihuahua, Mexico from Compass Automotive Group, LLC, and the addition of a fabrication and stamping facility to its campus in San Luis Potosi, Mexico. The magnesium casting facility will operate under Revstone’s Cast Metals Group as Revstone Chihuahua, LLC. The fabrication and stamping facility will operate under Revstone’s Formed Metals Group as part of Revstone SLP, LLC.
Both new operations will further Revstone’s strategy to significantly increase its presence in Mexico and will complement the company’s existing precision machining and assembly capabilities already in operation at San Luis Potosi (102,000 sq. ft.). Said Robert Carney, President of Revstone Mexico, “With the addition of these two plants, we are continuing to live up to our commitment to our customers to be a reliable supplier of a wide range of engineered solutions on a global level.”
Revstone Chihuahua’s facility houses five die casting presses ranging from 600 tons to 1,200 tons, a hydraulic trim press, an overhead bridge crane, a spectrometer, and other valuable die casting equipment. In the near future, three 1,200-ton machines will be installed.
The new state of the art fabrication and stamping facility (120,000 sq. ft.) will initially house 11 progressive and transfer presses (ranging in size from 400 tons to 800 tons), robotic welding and tube & plate laser cutting machines, and other related fabrication equipment. Further capabilities to include fineblanking will be announced at a later date. Operations are scheduled to begin in June of this year.
Revstone Acquires Dexter Foundry
Revstone Industries, LLC announced today its acquisition of Fairfield, Iowa-based Dexter Foundry from Dexter Apache Holdings, Inc. The company will operate as part of Revstone’s Cast Metals Group under the name Revstone Castings Fairfield. The foundry is the second to join the Revstone family of companies in the past year, after Revstone purchased the 250,000 sq. ft. shell mold gray iron foundry in Vassar, Michigan from Grede Holdings, LLC in December 2009.
Dexter Foundry operations pour gray and ductile iron castings for a wide array of customers, currently making over 8000 different parts for over 250 companies in the US, Canada, and Mexico. The addition of these customers and capabilities will allow Revstone to diversify its already significant automotive manufacturing interests to include agricultural and railroad products, construction equipment, residential appliance components, and many others.
“The acquisition of Dexter Foundry fits into two key facets of Revstone’s buying strategy: vertical integration and diversification,” said David Jaeger, President of Revstone Cast Metals Group. “We are moving further upstream in our value chain, which benefits our customers, while substantially increasing the diversity of our product line and customer base and reinforcing our financial stability.”
Continued Jaeger, “Operationally, the Dexter Foundry contributes a versatile green sand casting operation, an existing portfolio of various types of metal materials and processes, broad operational expertise, strong delivery and quality performance, and a skilled and experienced work force that is responsible for all of these strengths. We will be offering all employees the opportunity to continue working with us, and we are excited to welcome them to the Revstone team.”
“Our long term interest has always been in ensuring the ongoing viability and success of Dexter Foundry,” said Patrick Albregts, President and CEO, Dexter Apache Holdings, Inc. “As the industry continues to consolidate, it is increasingly challenging for standalone foundries to remain competitive. We are pleased to be able to partner with Revstone whose strategic position in the foundry industry will enhance Dexter Foundry’s success in the future. We look forward to supporting a smooth transition for all Dexter Foundry employees, customers and business partners.”
Contech Takes Top Honors
Die casters continue to surprise with their increasingly innovative designs. Take the case of Contech Casting LLC, Southfield, Mich., and its new automotive AWD clutch housing. The company successfully converted a multi-step forged steel housing to an aluminum squeeze casting, thereby building the part in fewer steps and with optimal solidification. The resulting mass reduction gives better vehicle fuel efficiency and reduces inertia, which improves all-wheel-drive engagement-response times.