CUDAHY, Wis., Jan. 14 /PRNewswire/ -- Ladish Co., Inc. announced today
that it has finalized the acquisition of Wyman-Gordon Titanium Castings, LLC
(the "Company") from Wyman-Gordon Company. Ladish has renamed the Company as
Pacific Cast Technologies, Inc. Pacific Cast is an investment casting
business located in Albany, Oregon. With approximately 225 employees, Pacific
Cast is a major supplier of precision, titanium components to both the
domestic and the international aerospace markets.
Ladish President & CEO, Kerry Woody, states, "We are pleased to add
Pacific Cast to the Ladish family of businesses. Led by a strong management
team, Pacific Cast has earned an excellent reputation in the aerospace
industry. Their products form a complementary and strategic chain with
Ladish's forging and Stowe Machine's precision machining capabilities. The
combination of a leading forger, an investment caster of titanium and a
finished machining source provides Ladish with an opportunity to offer a broad
product and service capability to the world's aerospace industry."
Mr. Woody also notes that the acquisition of Pacific Cast will provide
significant sales growth to Ladish and, through its synergies with current
Ladish structure and operations, the acquisition will be accretive to Ladish's
future earnings.
Ladish Co., Inc. is a leading producer of highly engineered, technically
advanced components for the jet engine, aerospace and general industrial
markets. Ladish is headquartered in Cudahy, Wisconsin with operations in
Wisconsin, Connecticut and Oregon. Ladish common stock trades on Nasdaq under
the symbol LDSH.
This release includes forward-looking statements that are made pursuant to
the safe harbor provisions of the Securities Litigation Reform Act of 1995.
Such forward-looking statements are subject to certain risks and uncertainties
that could cause actual results to differ materially from those projected in
them. These risks and uncertainties include, but are not limited to,
anticipated slowdowns in the company's major markets, the impact of
competition, the effectiveness of operational changes expected to increase
efficiency and productivity, worldwide economic and political conditions and
the effect of foreign currency fluctuations.
SOURCE Ladish Co., Inc.
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CONTACT:
Wayne E. Larsen, 414-747-2935, fax,
414-747-2890, or William J. Libby, 203-431-8480, fax,
203-431-6132
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