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Strip-Steel Processors Form Alliance

Wednesday, June 26, 2002
An alliance between Cold Metal Products, Inc., Pittsburgh, PA, and Samuel, Son & Co. Limited, Ontario, Canada, will result in the idling of the Samuel-Whittar operation in Detroit, MI. Its production assets and equipment will relocate to the Cold Metal plant in Hamilton, Ontario, which then becomes a joint processing plant for both firms. The alliance also gives Samuel-Whittar access to the Cold Metal plants in Ottawa and Youngstown, OH, and Indianapolis, IN.

Sandvik AB to Acquire Valenite

Wednesday, June 26, 2002
Swedish metalcutting-toolmaker Sandvik AB has agreed to acquire Milacron’s North American metalcutting-tools business, Valenite, Madison Heights, MI. Valenite, with 1300 employees, will remain a separate company within the Sandvik Tooling business area. Valenite sold for $175 million; its 2001 revenues were $200 million, yielding an operating profit of $3 million.

AIDA Introduces Press-Rehab Services

Tuesday, June 25, 2002
AIDA (Dayton, OH) Refurbishing Solutions offers complete remanufacturing capabilities, auxiliary equipment and component rebuilds, control upgrades and retrofits, and press and auxiliary equipment modifications and additions for servo-transfer units and robotic automation or pick-and-place material handling. For more information on this new customer-service offering, call Cary Kociuba at 847/593-4844.


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