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Ajax TOCCO Acquires Lectrotherm, Premelt

Feb. 13, 2006
The acquisition consolidates with Foundry Services in Germany.

Recently, Ajax TOCCO Magnethermic acquired the current assets of Lectrotherm in Canton, OH. Lectrotherm is a well-known supplier of aftermarket repair and replacement services and equipment for melting furnaces and electromagnetic stirring systems. Recently, Lectrotherm has expanded to provide capital equipment “to non-traditional induction markets.”

Also, Ajax TOCCO Magnethermic purchased the assets of Premelt Systems, also of Canton, a supplier of designs and services for integrated metal scrap cleaning and processing systems worldwide. Premelt is especially focused on the aluminum-wheel manufacturing segment.

Finally, Foundry Services in Hemer, Germany has merged its operation with Ajax TOCCO Magnethermic GmbH. Foundry Services is a noted supplier of melting-furnace repair services in continental Europe. It will continue to operate in its present location in Hemer and expand into an existing Ajax TOCCO service center in Sinsheim, Germany.