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MPIF releases new standards
MPR_Jun_News
06/06/2006
20:09
Page 9
Private equity takes on Cloyes Gears V KPS Special Situations Funds (KPS), New York, N.Y., a private equity firm, has acquired a controlling interest in Cloyes Gear and Products, of Fort. Smith, Arkansas. Cloyes supplies automotive timing systems and makes PM and machined parts. KPS reports that it will make a substantial investment in Cloyes to fund growth opportunities. Founded in 1997, it has a more than $600 million pool of committed capital and investments in 11 other companies on behalf of institutional investors. The Meyers family, Cloyes' previous owners, has retained a minority interest in the company. Trevor Meyers, CEO, will remain with the company as will David L. Schaefer, vice president, business development and a former president of the Metal Powder Industries Federation. Cloyes has four manufacturing plants in the United States and Germany, including three PM parts plants operating with more than 400 employees. It entered the PM business in 1978 by acquiring Rush Metals.
SMS opens new shop in China SMS DEMAG Metallurgical Equipment Shanghai has opened a new workshop in Fengxian, China. It is located in the Shanghai Chemical
higher per
•
•P • • •
Industrial Park around 60km south of Shanghai. The 2900 sq meter workshop carries out repairs and assembly work.
• •
MPIF releases new standards THE Metal Powder Industries Federation (MPIF) has released two new standardised materials, recently balloted and approved by corporate voting members. The new materials designation and property data constitute an addendum to the 2003 edition of MPIF Standard 35, Material Standards for P/M Structural Parts, and are available as a freeaccess document on the MPIF Web site. The new standards include physical and mechanical property information, chemical compo-
metal-powder.net
sitions and data tables for FLN2C-4005, a hybrid low-alloy steel (as-sintered and heat treated), and FLC-4805, a sinter-hardened steel. Hardenability and axial-fatigue data are provided for both materials. The new standards are posted as Addendum 3-March 2006 Release on the Web site, joining two previously released Addenda (January 2005 and April 2005) that offer comparable information. These standards will all be included in the next printed edition of Standard 35, Structural.
©2006
www.hydropulsor.com
June 2006 MPR
9
06/06/2006
20:09
Page 9
Private equity takes on Cloyes Gears V KPS Special Situations Funds (KPS), New York, N.Y., a private equity firm, has acquired a controlling interest in Cloyes Gear and Products, of Fort. Smith, Arkansas. Cloyes supplies automotive timing systems and makes PM and machined parts. KPS reports that it will make a substantial investment in Cloyes to fund growth opportunities. Founded in 1997, it has a more than $600 million pool of committed capital and investments in 11 other companies on behalf of institutional investors. The Meyers family, Cloyes' previous owners, has retained a minority interest in the company. Trevor Meyers, CEO, will remain with the company as will David L. Schaefer, vice president, business development and a former president of the Metal Powder Industries Federation. Cloyes has four manufacturing plants in the United States and Germany, including three PM parts plants operating with more than 400 employees. It entered the PM business in 1978 by acquiring Rush Metals.
SMS opens new shop in China SMS DEMAG Metallurgical Equipment Shanghai has opened a new workshop in Fengxian, China. It is located in the Shanghai Chemical
higher per
•
•P • • •
Industrial Park around 60km south of Shanghai. The 2900 sq meter workshop carries out repairs and assembly work.
• •
MPIF releases new standards THE Metal Powder Industries Federation (MPIF) has released two new standardised materials, recently balloted and approved by corporate voting members. The new materials designation and property data constitute an addendum to the 2003 edition of MPIF Standard 35, Material Standards for P/M Structural Parts, and are available as a freeaccess document on the MPIF Web site. The new standards include physical and mechanical property information, chemical compo-
metal-powder.net
sitions and data tables for FLN2C-4005, a hybrid low-alloy steel (as-sintered and heat treated), and FLC-4805, a sinter-hardened steel. Hardenability and axial-fatigue data are provided for both materials. The new standards are posted as Addendum 3-March 2006 Release on the Web site, joining two previously released Addenda (January 2005 and April 2005) that offer comparable information. These standards will all be included in the next printed edition of Standard 35, Structural.
©2006
www.hydropulsor.com
June 2006 MPR
9