Now, thanks to a new chip handling system that includes the FastPac Briquetter compacting unit from Mayfran International of Cleveland, OH, AACOA is even turning its aluminum chips and scrap into gold--with a threefold increase in the scraps' value thanks to the heavier density of aluminum chip scrap.
According to Dave Sheaks, plant manager at the AACOA extrusion facility, the briquette machine has contributed more than just monetary gains.
All are key elements critical to lean manufacturing and continuous improvement for AACOA,.
Excluding the addition of AACOA and the impact of the Kentland plant shutdown, sales volume in 2012 increased 0.
9 million in 2011 as a result of an increase in the average borrowings under our revolving credit facility, which were used to finance a portion of the purchase price for the acquisitions of Terphane in the fourth quarter of 2011 and AACOA in the fourth quarter of 2012.
In October 2012, we borrowed an additional $51 million under our revolving credit agreement to fund the acquisition of AACOA.
AACOA is an example of a top-grade manufacturing business and its addition will help Bonnell advance its strategic agenda for both expanding and diversifying its operations.
Country: USASector: Metals/MiningTarget: AACOA IncBuyer: Tredegar Corporation, The William L Bonnell CompanyDeal size in USD: 50.
The acquisition will add fabrication capabilities to Bonnell's current array of products and services while providing AACOA
with large press capabilities and enhanced geographic sales coverage in a variety of end-use markets.
Originally established as an anodizing company, AACOA is widely regarded as an industry leader in the anodizing process with exceptional manufacturing expertise in this area.
In AACOA, we found a top-quality manufacturer that will help us move toward our strategic objectives for both growth and diversification.
I firmly believe that the combination of Bonnell Aluminum and AACOA strengthens even further the capabilities of both and will bring value to our customers.