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Remington sold
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Sales drive pushes Arburg past its previous record AN exceptionally strong sales performance during 2006 drove German injection moulding press builder Arburg to record earnings. Full figures will not be available until the end of the month, but senior company executives make no secret of the fact that sales have topped the 356 million recorded in 2000. Strong sales of its Golden Edition press and the electric Alldrive machine lifted the company in 2006, company executives announced during Arburg’s Technology Days. The Technology Days attracted nearly 3500 people from 42 countries to tour the highly automated plant at Arburg’s Lossburg headquarters in the Black Forest Region. The efficiency of the factory enables
Arburg to compete globally, even though Germany is a comparatively high-labourcost environment. With investment of around $20 million a year in operations, Lossburg employs more than 1600 people. ``Despite Arburg’s international orientation, we are still clearly committed to our sole production site at Lossburg,’’ said management partner Michael Hehl. The company is building a 10 000 square metre customer and reception centre on the site. Construction is due to be completed towards the end of next year. But that’s not the only expansion the company is undertaking. In the United States, Arburg is building a 600 square metre technology centre in Irvine, California and has also purchased a similar-sized building for its technical centre in Elgin, Illinois.
About 25 per cent of its 2006 press sales, measured by units, came from its Golden Edition - a hydraulic machine that the company said boasts many standard features at a lower price and with quick delivery. The Alldrive electric presses accounted for 10 per cent of total units, up from 8 per cent in 2005. Mr Hehl said the company has a 54 per cent market share in Germany in smaller presses with clamping forces of 400 metric tons and lower. The company has a 37 per cent European market share in that segment. Herbert Kraibühler, managing director of technology and engineering, said Arburg wants to be a complete supplier that can integrate upstream and downstream equipment.
Remington sold REMINGTON Arms Co has agreed to be sold to Cerberus Capital Management LP, of New York, a private-equity firm, according to Bloomberg News. The transaction terms include $118 million in cash and assumption of $252 million of debt. The Remington Arms gun plant in Ilion, New York, has operated powder metallurgy parts and metal injection moulding (MIM) parts production lines for many years. Remington was sold by private-equity firms Bruckmann, Rosser, Sherrill & Co. and Clayton Dubilier & Rice Co. Clayton Dubilier purchased Remington’s assets from DuPont in 1993 for $300 million. In 2006 Remington earned $300,000 on sales of $446 million. The transaction is scheduled for completion by June 28, 2007.
ITW takes Quasar ILLINOIS Tool Works Inc (ITW), of Glenview, Illinois, has purchased Quasar International Inc, of Albuquerque, New Mexico, for an undisclosed amount. Quasar will continue operating as an independent company within the Magnaflux division of ITW. Magnaflux supplies magnetic particle and dye penetrating equipment, and chemicals used for nondestructive testing. Quasar invented process compensated resonant testing (PCRT), a new nondestructive test method. ITW will advance PCRT technology and expand Quasar’s manufacturing and service infrastructure.
4
MPR April 2007
metal-powder.net
Sales drive pushes Arburg past its previous record AN exceptionally strong sales performance during 2006 drove German injection moulding press builder Arburg to record earnings. Full figures will not be available until the end of the month, but senior company executives make no secret of the fact that sales have topped the 356 million recorded in 2000. Strong sales of its Golden Edition press and the electric Alldrive machine lifted the company in 2006, company executives announced during Arburg’s Technology Days. The Technology Days attracted nearly 3500 people from 42 countries to tour the highly automated plant at Arburg’s Lossburg headquarters in the Black Forest Region. The efficiency of the factory enables
Arburg to compete globally, even though Germany is a comparatively high-labourcost environment. With investment of around $20 million a year in operations, Lossburg employs more than 1600 people. ``Despite Arburg’s international orientation, we are still clearly committed to our sole production site at Lossburg,’’ said management partner Michael Hehl. The company is building a 10 000 square metre customer and reception centre on the site. Construction is due to be completed towards the end of next year. But that’s not the only expansion the company is undertaking. In the United States, Arburg is building a 600 square metre technology centre in Irvine, California and has also purchased a similar-sized building for its technical centre in Elgin, Illinois.
About 25 per cent of its 2006 press sales, measured by units, came from its Golden Edition - a hydraulic machine that the company said boasts many standard features at a lower price and with quick delivery. The Alldrive electric presses accounted for 10 per cent of total units, up from 8 per cent in 2005. Mr Hehl said the company has a 54 per cent market share in Germany in smaller presses with clamping forces of 400 metric tons and lower. The company has a 37 per cent European market share in that segment. Herbert Kraibühler, managing director of technology and engineering, said Arburg wants to be a complete supplier that can integrate upstream and downstream equipment.
Remington sold REMINGTON Arms Co has agreed to be sold to Cerberus Capital Management LP, of New York, a private-equity firm, according to Bloomberg News. The transaction terms include $118 million in cash and assumption of $252 million of debt. The Remington Arms gun plant in Ilion, New York, has operated powder metallurgy parts and metal injection moulding (MIM) parts production lines for many years. Remington was sold by private-equity firms Bruckmann, Rosser, Sherrill & Co. and Clayton Dubilier & Rice Co. Clayton Dubilier purchased Remington’s assets from DuPont in 1993 for $300 million. In 2006 Remington earned $300,000 on sales of $446 million. The transaction is scheduled for completion by June 28, 2007.
ITW takes Quasar ILLINOIS Tool Works Inc (ITW), of Glenview, Illinois, has purchased Quasar International Inc, of Albuquerque, New Mexico, for an undisclosed amount. Quasar will continue operating as an independent company within the Magnaflux division of ITW. Magnaflux supplies magnetic particle and dye penetrating equipment, and chemicals used for nondestructive testing. Quasar invented process compensated resonant testing (PCRT), a new nondestructive test method. ITW will advance PCRT technology and expand Quasar’s manufacturing and service infrastructure.
4
MPR April 2007
metal-powder.net