Dear Sir or Madame-
Click here to view an archive of past newsletters
In this March 24, 2010 Publication:
Pace May Be Adding Jobs
Auto Cast Inc. Emerges from Chapter 11
Receiver Hopes to Sell the Company as an
Ongoing Business
Die Casters...Partnering with your Local Tool Builder in a
Continuous Improvement Environment Leads to Success
NADCA President Daniel Twarog Receives the
Ray H. Witt Award
Pace May Be Adding Jobs
Published: Thursday, March 11, 2010 6:09 AM
A new corporate acquisition by Pace Industries may add more than a dozen jobs at the
Harrison plant.
Pace Industries, North America’s largest custom-aluminum die-casting company, announced
Wednesday their acquisition of the zinc die-casting business of Del Mar Industries, Inc., of
Gardena, Calif.
The acquisition significantly increases the size of Pace Industries’ zinc operations, which
the company conducts in Harrison as well as in St. Paul, Minn. and North Billerica, Mass.
John Scott Bull, director of Marketing for Pace Industries, told ArkansasBusiness.com that the
equipment will be moved to the Harrison facilities and should mean the company will need to
hire “more than a dozen” people.
Pace employs 371 people at its two divisions in Harrison and about 65 in Fayetteville,
according to arkansasbusiness.com. The company operates 13 manufacturing facilities,
including two in Mexico.
Auto Cast Inc. Emerges from Chapter 11
Grandville, MI – Auto Cast Inc. has successfully emerged from Chapter 11 bankruptcy. The
exit plan has been confirmed and signed by Judge Gregg of the West Michigan Bankruptcy
Court.
Located in Grandville, MI, since 1965, Auto Cast produces zinc and aluminum die castings.
They are also Corporate Members of the North American Die Casting Association (NADCA).
Auto Cast, which had 115 employees in 2008, now employs 45 workers.
“We reorganized and reduced overhead,” said Auto Cast CEO Carl Homrich. “Costs have been
lowered, and a new banking relationship has been established.”
They emerge a leaner, stronger company, ready for the challenges of the future.
Receiver Hopes to Sell the Company as an Ongoing Business
A management specialist for troubled companies has been appointed by a court to take control
of Delaware Machinery and Tool, a longtime metalworking company that is no longer able to
pay its creditors.
The court order also calls for the continued employment of owner Robert Haas Jr. at a salary
of $15,000 a week, while the receiver is expected to be paid between $12,500-$17,500 a week,
in an effort to sell the company while it's still in business.
Delaware Circuit Court 1 Judge Marianne Vorhees named Dennis Kebrdle of Chikol LLC, Granger,
Ind., as receiver, giving him responsibility for selling the company as a "going concern" or
liquidating the company's assets. A "going concern" is a business that is expected to
continue to operate into the foreseeable future.
To view the rest of this article,
click
here.
Die Casters...Partnering with your Local Tool Builder in a Continuous Improvement Environment Leads to Success
Lowering tool cost has been an objective for the die caster to increase
profits since die casting began. This goal sounds great, but it is really somewhat shortsighted. A better goal in the
big picture is to lower the cost of die cast finished goods. Improving tooling to increase productivity and extend tool
life through continuous improvement involvement with the tool builder accomplishes this goal much more effectively than
efforts to buy cheaper tooling. To read more about partnering with your tool builder,
click here to login and read this month’s issue of Die
Casting Engineer.
