AVALON PRECISION CASTING COMPLETES ACQUISITION OF PRECISION METALSMITHS.
Cleveland, OH, April 21st, 2014... Avalon Precision Casting is pleased to announce completion of the acquisition of Precision Metalsmiths (PMI). Both companies are headquartered (with manufacturing) in Cleveland, Ohio. Additional production facilities are located in Jackson, Wisconsin (Avalon) and Markesan, Wisconsin (PMI). Terms of the transaction have not been disclosed.
Precision Metalsmiths is a leading manufacturer of high-precision, small thin-walled investment castings, ranging from fractions of an ounce to over 20 lbs. The company’s proprietary casting technologies and almost 70 years of specialized engineering expertise have made Precision Metalsmiths a preferred provider to the aerospace industry as well as for general industrial applications requiring complex small parts with thin walls and very tight tolerances.
Avalon Precision Metalsmiths has grown out of the merger of Avalon Castings of Cleveland, Ohio and Craft Cast Company of Jackson, Wisconsin to become one of the industry’s leading providers of precision-cast parts up to 100 lbs. Avalon services blue-chip OEM customers in the general industrial, pump and valve, oil & gas, food and dairy, military and capital equipment industries with industry-leading turnaround times and cost-effective, value-added services including a dedicated in-house machine shop and tooling operation.
The combined company will operate four advanced manufacturing facilities in Ohio and Wisconsin, all featuring state-of-the-art automation and robotics to produce precision castings from over 200 different ferrous and non-ferrous alloys. Combined company certifications include ISO 9001:2008, PED, NADCAP, and ITAR. Together, the combined company will represent one of the largest enterprises in the commercial/industrial/aerospace segment of the investment casting industry.