Combination expands manufacturing buyers’ options for design, process, materials
- Separate operating division
- Complementary manufacturing technology
- A “$1 billion-plus organization”
Dynacast, known for precision diecasting, also has a wider portfolio of capabilities, including metal injection molding (shown), CNC machining, heat treating, and now investment casting.
Dynacast Inc. completed its takeover of Signicast Inc. on schedule March 31, combining the one organization widely recognized as a precision diecaster with another well established as a producer of high-value investment castings. Announced in mid-February, the private transaction had been in progress for about seven months, according to Dynacast chairman and CEO Simon Newman.
No financial terms of the consolidation have been released. Signicast will remain as a separate operating division of Dynacast, with its current management team in place.
Newman explained in a phone interview that Dynacast had been aggressive in its efforts to expand its offerings for precision component manufacturing, and that the differences between the two firms suited the growth strategies of each company. On this point he emphasized that Dynacast, known for its precision diecasting capabilities, in fact has a wider portfolio of capabilities — including metal injection molding, CNC machining, and heat treating — for producing precision components. In addition to production options, adding Signicast will mean customers have more choices for achieving their design objectives, in regard to materials, part complexity, and volume.
"Given Signicast's complementary manufacturing technology, this acquisition expands our existing customer offerings and accelerates our strategic vision for growth,” Newman offered in a statement.
Newman also revealed that Dynacast’s strategy includes global expansion of the Signicast brand, first with an operation in Asia and later in Europe. That process would be carried out over the coming three years, he indicated, as Dynacast pursues its goal of establishing itself as “a $1 billion-plus organization.”