Avalon Precision Casting, Cleveland, has completed its acquisition of nearby Precision Metalsmiths Inc. (PMI). Additional production facilities are located in Jackson and Markesan, Wisc. Terms of the transaction have not been disclosed.
PMI manufactures small, thin-walled investment castings ranging from fractions of an ounce to over 20 lbs. in both ferrous and non-ferrous alloys using traditional shelling methods and a solid mold process. With proprietary casting technologies and almost 70 years of specialized engineering expertise, the company serves the aerospace industry as well as general industrial customers.
“Together, Avalon and PMI represent a new era for investment casting companies greater than the sum of their parts,” said David Dolata, CEO and owner, PMI. “Creating more opportunities and expanding capabilities are key to delivering what current and prospective customers have been asking for: new ways for the investment casting process to solve their ever-more-demanding metal parts challenges. Avalon’s acquisition of PMI puts the combined company in a unique position to service customers needing metal shapes with value, quality, a wider size envelope and capabilities to offer parts complete to print within one company.”
Avalon Precision Castings grew from a merger of Avalon Castings, Cleveland, and Craft Cast Company, Jackson, Wisc. to provide precision-cast parts up to 100 lbs. Avalon services blue-chip OEM customers in the general industrial, pump and valve, oil and gas, food and dairy, military and capital equipment industries with value-added services including a dedicated in-house machine shop and tooling operation.
“The partnership between Precision Metalsmiths and Avalon demonstrates our commitment to building an industry-leading investment casting company capable of servicing a broad array of markets and adding increased value to our current and future customers from multiple facilities around the country,” said Doug Ciabotti, CEO of Avalon and leader of the newly combined business.
The combined company will operate four advanced manufacturing facilities in Ohio and Wisconsin, all featuring state-of-the-art automation and robotics to produce precision castings from over 200 different ferrous and non-ferrous alloys. Combined company certifications include ISO 9001:2008, PED, NADCAP, and ITAR. Together, the combined company will represent one of the largest enterprises in the commercial/industrial/aerospace segment of the investment casting industry.