Ellwood Group Acquires Assets of LATC
Ellwood Group Inc. (EGI) completed the acquisition of the assets of Leistritz Advanced Turbine Components (LATC) of Rural Hall, N.C. The assets were acquired by a newly formed subsidiary called Ellwood Advanced Components LLC (EAC). LATC, which employs about 170 people, produces closed-die forged turbine blades for steam and industrial gas turbines. The principal assets include three screw presses (8,000-ton, 12,000-ton and 16,000-ton) and a 50-meter-ton counterblow forging hammer. In addition, LATC has state-of-the-art blade finish machining capability. This acquisition adds screw presses to EGI’s arsenal of closed-die forging equipment and increases its hammer forging capacity. EAC plans to invest in additional forge-heating and heat-treatment equipment.