Business Services Industry
Ohio-Based Aluminum-Firm Chairman Predicts Industry Consolidation.
Knight Ridder/Tribune Business News, December, 1999 by Hulsey, Lynn
Knight Ridder/Tribune Business News
Dec. 16 -- Montgomery County, OHIO -- Amcast Industrial Corp. will grow through acquisitions as the flow control and aluminum wheel and component industries continue to consolidate, the company's top executive said Wednesday.
John H. Shuey, chairman, president and chief executive, said the intent is for Amcast to remain independent, but it is hard to predict if industry consolidation would include the purchase of Amcast by another company.
Shuey's comments came after Wednesday's annual meeting, where he repeatedly referred to industry consolidation and the company's plan to make additional acquisitions. He said one of the highlights of 1999 was the successful integration of acquisitions Lee Brass and...
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