Selmet acquires Onamac Industries

Aug 08, 2014 | 11:59 AM | Frank Haflich

Tags  titanium, aerospace, Selmet, Onamac Industries, machining, Rick Kenyon, Mark Morris, Blue Point Capital Partners Frank Haflich

LOS ANGELES — Selmet Inc.’s acquisition of Onamac Industries Inc. will help the titanium castings producer meet original equipment manufacturers’ (OEMs’) growing demand for near net shape components, the company’s top executive said.

"We’ve seen large OEMs asking their key suppliers to give them more near net (shape) components that are more easily assembled," Selmet chief executive officer Rick Kenyon told AMM. "It’s a very logical vertical integration move for us."....

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