Page 8 - MetalForming June 2017

News Fronts
Agreements
Magna Enters JV with Chinese Automotive- Seating Specialist
Automotive supplier Magna International, Aurora, Ontario, Canada, has entered into a joint venture with Hubei Avia- tion Precision Machinery Co., Ltd., Xiangyang, China, an automotive seat-mechanism and structure-component sup- plier. With the agreement, expected to close in the fourth quarter of 2017, Magna seeks to expand its reach in China and throughout Asia.
PA, and Houghton International Inc., Valley Forge, PA, announced that they have agreed to combine the compa- nies. Together, their metal- working platforms will provide fluids and services for the automotive, aerospace, heavy- equipment, metals, mining, machinery and container industries, among others. Completion of the transaction is expected by the end of 2017 or early 2018, and the compa- nies will continue to operate independently until that point.
Business Notes
industries, will do business as Autoriv in North America. Autoriv recently moved into a new facility in Rochester Hills, MI, and will focus on complete fastener solutions, including concept, selection, design, integration and support.
Facilities
Hydraulic Deep-Draw Press to Columbia Metal Spinning
Littlejohn Capital Acquires Maysteel Industries
Columbia Metal Spinning, Chicago, IL, a producer of pre- cision metal spun and deep- drawn parts, has awarded Beckwood Press Co., St. Louis, MO, a contract to produce a custom 450-ton hydraulic deep-draw press. Scheduled for completion in August 2017, the machinery will expand Columbia Metal Spin- ning’s large-diameter draw- forming capabilities and sup- plement its existing 250-ton hydraulic press.
Quaker Chemical and Houghton International to Combine
MDS Introduces Autoriv Brand in North America MDS, Regensburg, Germany,
LJC Investments III, LLC, an investment vehicle controlled by Littlejohn Capital, Greenwich, CT, announced the acquisition of Maysteel Industries, a designer, engineer and manu- facturer of OEM sheetmetal enclosures, electrical cabinets and metal-fabricated assem- blies. Maysteel has manufac- turing locations in Allenton, WI, and Monterrey, Mexico, and formerly was owned by Revolution Capital Group, LLC.
Beckwood engineers will develop an intuitive controls system that operates in both manual and semi-automatic modes. Additionally, Beckwood’s
Process-fluid and chemical- specialties providers Quaker Chemical Corp., Conshohocken,
a manufacturer of turnkey automated products for the automotive and white-goods
t
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6 MetalForming/June 2017
www.metalformingmagazine.com