CHICAGO Shiloh Industries Inc.
closed its acquisition of Contech Castings LLC, which makes
high-pressure aluminum die cast parts for the automotive
The purchase adds
Contechs P2000 squeeze casting, ThinTech vacuum casting,
and high-pressure conventional die casting capacity and depth
to Shilohs high-pressure, high-vacuum casting
capabilities, according to president and chief executive
officer Ramzi Hermiz.
"One of the necessary
advancements for removing weight from vehicles is going to come
through increased optimization of aluminum components, which is
driving demand for high-pressure, high-vacuum casting and
structural squeeze cast components," he said.
"It made sense for us
to strengthen our technology and add capacity with the addition
of Contech to further enhance Shilohs position."
As automakers face
pressures to meet the federally mandated fleet average of 54.5
miles per gallon by 2025, aluminum products are becoming part
of the lightweighting solution.
Shiloh made two
strategic acquisitions in December, purchasing Albany-Chicago
Co. LLC for $55 million and buying a stamping plant in
Anniston, Ala., from Atlantic Tool & Die-Alabama Inc. Both
of those decisions were based on the desire to supply
lightweight processed materials to customers (amm.com,
Ohio-based Shiloh provides design, engineering and
manufacturing of first operation blanks, engineered welded
blanks, complex stampings, modular assemblies and highly
engineered aluminum die casting and machined components serving
the body-in-white, chassis, emission, powertrain, structural
and seating needs of original equipment manufacturers and Tier
Contech Castings operates four foundries in Indiana,
Michigan and Tennessee.