September 08, 2008

AmeriCast acquire AG Anderson

AmeriCast Technologies announced today it has completed the purchase of AG Anderson Ltd, which is based in London and Ontario.

A G Anderson is a respected source for patterns, high integrity ferrous castings and machined components. The hallmark of Anderson's success is delivering reliable engineered components on time with superior service and exceptional value.

Mr Tom Armstrong CEO of AmeriCast said that "We are very pleased and excited that AG Anderson has joined our team. Anderson brings to AmeriCast added capability and capacity to provide finished cast components to our customers. There are very clear synergies with Anderson and our existing machining operations at London Precision Machining that will benefit our customers. This acquisition, similar to Atlas Castings and Technology last year, further strengthens and expands AmeriCast's position as one of North America's premier value-added, steel casting and machining suppliers while diversifying and expanding our market place opportunities."

Mr David Anderson president of A G Anderson Ltd said that "These are exciting times. There are a lot of synergies between our different business units, and we at Anderson's look forward to building on those and strengthening our position as leading supplier of complex, finished machined castings."

AmeriCast serves the process equipment, power generation, hydro, military, mining, ship building, transportation, construction and industrial machinery markets through its six North American production facilities.