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Compass Partners Acquires PRL, Inc.
November 12, 2020
Compass Partners Capital LLC ("Compass"), a Stamford-based investment firm, is pleased to announce the acquisition of PRL, Inc. ("PRL"), a leading manufacturer of high-tech alloy castings. PRL will be combined with Micro Precision Inc. ("MPI"), a Compass portfolio company, to create a best-in-class enterprise serving the United States Navy, nuclear power, and railroad industries. Vice Admiral John Morgan (USN, ret.), currently President & CEO of MPI, will serve as the Chief Executive Officer of the combined platform.
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Casteel Reporter
November 16, 2020
Steel castings are required for every future envisioned. We will provide the equipment needed for the mining and building and maintaining the infrastructure required for an advanced economy. While there are likely to be some severe economic dislocations to remove excesses embedded by poor policies, steel castings will be demanded in increasing volumes to build and maintain the infrastructure required…
October 20, 2020
The steel casting industry is small and has diverse markets. It serves not the consumer economy selling at Walmart and on Amazon but makes primarily custom engineered parts for capital equipment and consumable parts for mining and manufacturing. The diversity of markets, the small size of the industry, and the lack of large corporate ownership makes commercial and production data difficult to find…
September 17, 2020
Our current situation is difficult, the near future is uncertain, but the industry is likely to have a bright future based on the needs and changes in technology. The Casteel Commentary looks at the impact of electric vehicles (EV) are likely to have on our industry. The need for mining and infrastructure that is essential to the technologies being commercialized will require steel castings. As always, I welcome your thoughts and challenges…
Steel Founders’ Society of America Welcomes Mill and Forging Technology Manager
September 2, 2020
We are excited to announce that Hayley Brown has joined our team as Mill and Forging Technology Manager.
August 17, 2020
Uncertainty. Our current challenge is how to manage the unknown future. As an industry, we in the Steel Founders’ do have an advantage over many if not most businesses…
2nd Annual Cast in Steel Competition Scholarship Awards
August 6, 2020
Ben Abbott, Celebrity Judge, History Channel's program Forged in Fire, provides commentary on one of the projects submitted to the Cast in Steel Competition. Photo Credit: Richard MacDonald, New Media Systems., Richmond, VA.
Steel Founders' Society of America Welcomes Project Engineer
July 27, 2020
Steel Founders' Society of America is excited to announce that Alexa Smith has joined the company as Project Engineer.
June 19, 2020
This month’s Casteel Commentary is a public statement from Bradken on the lessons learned and needed company practices in ensuring that the specification compliance testing and reporting has the same type of audit and integrity as the financial records of the company. As an industry, this was traditionally expected to be done with integrity by the employees responsible. Today, our industry is producing critical components for safety and reliability and we need to manage the quality testing and reporting to ensure it is done with integrity and accuracy.
April 15, 2020
Corona Virus and SFSA - This month’s Casteel Reporter considers how this current crisis will affect our steel casting industry. The future is uncertain, but our industry has a history of surviving sharp and deep downturns and this is likely to be required now. SFSA is also trying to make sure we support you with information on challenges and successful practices for dealing with this environment…
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