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Revstone to Acquire Ferrous Caster Tisamatic

Issued at 2011-03-09



Revstone Industries LLC, Lexington, Ky., announced it will acquire ferrous automotive caster Tisamatic S. de. R.L. de C.V., Monterrey, Mexico.

Revstone, which added a third diecasting plant to its portfolio earlier this year and has several other metalcasting assets, announced its intent to purchase the metalcasting facility from Industrias Xignux S.A. de C.V. on Feb. 3. The facility produces iron castings for the automotive sector, in addition to home appliances, cast iron connections and soil pipes. The transaction is expected to close in the first half of the year.

Revstone said in a press release the company expects the acquisition to strengthen its position in Mexico.

“The acquisition of Tisamatic would be a significant addition to the Revstone portfolio of businesses and would further our strategy to offer the broadest range of world class processes and services to our customers,” said Robert Carney, president of Revstone Mexico.

Revstone said in its statement that Tisamatic produces more than 60,000 metric tons of vertical molding and soil pipe out of its 133,000-sq. ft. facility. The plant operates four electric furnaces, five shot blast machines, six shell machines, three centrifuge machines and other related casting equipment.

Revstone, which serves primarily the automotive and trucking industries, operates manufacturing facilities in more than 60 locations in North and Central America.


Source: Modern Casting



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