Bradken Ltd., the largest steel foundries owner in Australia, plans to acquire AmeriCast Technologies Inc., a U.S.-based designer and manufacturer of machined components and assemblies for hydroelectric projects.
AmeriCast, based in Atchison, announced July 29 it agreed to be purchased by Bradken, which already held a stake in the company. Bradken and Castle Harlan, previous majority owner of AmeriCast, acquired AmeriCast in November 2006. Since that time, Bradken has participated in AmeriCast through its board of directors.
AmeriCast said it would begin using the Bradken name immediately. Bradken has an 85-year history in the foundry market. It employs nearly 3,000 employees, directs a network of more than 20 manufacturing facilities, including 11 foundries, and has annual sales of about US$800 million.
Bradken said the acquisition of AmeriCast will significantly expand Bradken’s capabilities in large steel castings. The current management team will continue to lead North American operations, AmeriCast said.
AmeriCast purchased Atlas Castings and Technology in 2007 and AG Anderson, a small Canadian foundry, in April 2008. AmeriCast employs about 2,000 people. It operates manufacturing facilities in the U.S. in: Atchison; St. Joseph, Mo.; Tacoma and Chehalis, Wash.; and Amite, La. AmeriCast also operates a manufacturing facility in Canada in London, Ontario, and a trading office in Xuzhou, China.