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Gibraltar moves into China with atomiser deal
Gibraltar moves into China with atomiser deal GIBRALTAR Industries, based in Buffalo, NewYork, has purchased Curie Suzhou, a privately held manufacturer of atomised copper and copper alloy powder in Suzhou, China. SCM Metal Products, of Research Triangle Park, North Carolina, a Gibraltar affiliate acquired last year from Höganäs North America for around $43 million, will operate the plant as SCM Asia. Located in the Wang Zhou Industrial Park about 60 miles west of Shanghai, the plant opened a year ago. Terms of the acquisition were not disclosed. The operation has 60 employees and annualised sales of about $8 million. The current management team is to remain with the new company. The year-old Suzhou facility is expected to support sales of approximately $20 million by 2007. Its products are primarily sold to the powder metallurgy and thermal management industries. "This strategically located facility gives us an on-the-
ground presence in the centre of the rapidly growing Chinese industrial market, which strengthens our ability to grow our business in this increasingly important part of the world. It is an excellent complement to our existing SCM operations, solidifying our leadership position in the powdered metal products market," said Carl Spezio, Group President, Gibraltar Thermal Processing. "Many of our existing customers in all three of our business segments are expanding their operations in China, and this facility better positions us to serve them. We also intend to actively grow our business with new customers, and we plan to broaden the product and service offering," said Mr Spezio. Monthly production capacity of copper, bronze, and brass powders ranges from 200 to 300 metric tons. Major markets include powder metallurgy and thermal management. SCM plans on concentrating sales initially in Asia.
Acquisition trail leads to SPC AN investment group led by the Varischetti family of Brockway, Pennsylvania, is expected to be confirmed as the new owner of PM parts maker Specialty Pressed Components Inc (SPC) based in Kersey, Pennsylvania. The family recently purchased the assets of Brockway
metal-powder.net
Pressed Metals Inc and formed Phoenix Sintered Metals. Founded in 1990, SPC has 20 employees operating out of an 11,000 square foot plant. Its equipment includes 10 compacting presses up to 110 tons, two sizing presses, and two sintering furnaces.
November 2005 MPR
5
ground presence in the centre of the rapidly growing Chinese industrial market, which strengthens our ability to grow our business in this increasingly important part of the world. It is an excellent complement to our existing SCM operations, solidifying our leadership position in the powdered metal products market," said Carl Spezio, Group President, Gibraltar Thermal Processing. "Many of our existing customers in all three of our business segments are expanding their operations in China, and this facility better positions us to serve them. We also intend to actively grow our business with new customers, and we plan to broaden the product and service offering," said Mr Spezio. Monthly production capacity of copper, bronze, and brass powders ranges from 200 to 300 metric tons. Major markets include powder metallurgy and thermal management. SCM plans on concentrating sales initially in Asia.
Acquisition trail leads to SPC AN investment group led by the Varischetti family of Brockway, Pennsylvania, is expected to be confirmed as the new owner of PM parts maker Specialty Pressed Components Inc (SPC) based in Kersey, Pennsylvania. The family recently purchased the assets of Brockway
metal-powder.net
Pressed Metals Inc and formed Phoenix Sintered Metals. Founded in 1990, SPC has 20 employees operating out of an 11,000 square foot plant. Its equipment includes 10 compacting presses up to 110 tons, two sizing presses, and two sintering furnaces.
November 2005 MPR
5