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Gillespie & Powers Inc. completed the acquisition of Thorpe Holding Company, including Thorpe Technologies Inc. and JT Thorpe Inc., both located in San Dimas, California. The companies will continue to operate independently.
Matalco Inc. is investing $53.5 million to build a new remelt facility in Franklin, Kentucky, that will produce 270 million lbs of aluminum alloy billet and slab per year. The company ordered furnaces from Gillespie & Powers Inc. for the site.
Matalco Inc. is building a greenfield aluminum remelt facility in Wisconsin Rapids, Wisconsin, with an $80 million investment. The plant will produce over 230 million pounds of billet annually and employ 30 permanent staff.