December 02, 2008

TMB Industries acquires Stainless Foundry & Engineering

TMB Industries announced the acquisition of Stainless Foundry & Engineering Inc

Stainless Foundry founded in 1946 located at Milwaukee in Wisconsin is a recognized leader among North American foundries in its niche market of low to medium volume production of highly engineered, complex castings. Together with its machining capabilities, Stainless offers its customers finished castings from more than 250 alloys. It is provider of steel, low alloy, stainless steel and other high alloy composition castings including nickel, cobalt and copper base alloys produced in green sand, no bake and investment cast processes.

Mr Thomas Begel chairman of TMB Industries said that "The acquisition of Stainless Foundry & Engineering is TMB's second recent acquisition of a foundry business focused in a premium niche. TMB looks forward to providing Stainless with the resources necessary to enhance the business and support its continued growth."

This acquisition is the second foundry business TMB has acquired in 2007 and will leverage TMB's expertise of investing in and managing foundry operations.