Revstone Buys Kaiser Aluminum Forging Operations (US)

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SOUTHFIELD, Mich., Aug. 24  Revstone Industries, LLC announced Friday the acquisition of Kaiser Aluminum’s forged metals facility in Greenwood, SC.  The facility will operate as part of Revstone’s Cast Metals division under the new name Revstone Contech Forgings.  The addition brings aluminum forging to Revstone’s award-winning aluminum casting operations, improving Revstone’s ability to meet a more fuel efficient auto industry’s demands for lighter-weight parts and components.”The acquisition of this aluminum forging operation takes our Revstone vision to the next level and allows us to offer an even wider range of process solutions to our customers,” said George Hofmeister, Chairman and CEO of Revstone.”It is our strategy to seek out and develop production processes that provide high integrity, lightweight products to the transportation industry. Aluminum forgings fit very well into that vision because they provide safety critical components with superior mechanical properties that can’t be achieved through other processes.””The Greenwood facility is already a solid operation,” said David Jaeger, President of Revstone’s Cast Metals Group. “Our emphasis will be to grow the business with additional product families and extended value-add operations like machining and assembly.”Revstone engineers, designs, manufactures, and markets innovative products for the transportation & heavy truck industries, with more than $1 billion in projected revenues. With the purchase of Kaiser Greenwood assets, it now operates more than 50 parts manufacturing facilities throughout North America.

Source: Revstone Industries, LLC

Posted in Strategy.

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