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Dayton, Ohio-area automotive components maker sells division to Cleveland firm.
Knight Ridder/Tribune Business News, August, 2004
By Jason Roberson, Dayton Daily News, Ohio Knight Ridder/Tribune Business News
Aug. 24--DAYTON, Ohio -- Amcast Industrial Corp., a Washington Twp.-based maker of automotive components and copper and brass plumbing supplies, said Monday it sold the assets of its aluminum components business to Cleveland-based Park-Ohio Holdings Corp.
The sale included the operations of Amcast's Wapakoneta; Richmond, Ind., and Cedarburg, Wis., plants, which combined have more than $65 million in annual revenues.
The plants are expected to strengthen Park-Ohio's general aluminum business and help it meet the increasing demand of truck and off-road vehicle manufacturers, said Edward Crawford, chairman and chief executive of Park-Ohio.
Michael...
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