Top Heat Treat News Stories Week of September
For the week starting September 2, 2024 the top 3 heat treatment stories globally as ranked by “The Monty Heat Treat News” include these;
“Metals Technology Receivership Sale? August 12th of this year “The Monty” had a news item about the second largest commercial heat treater in the Chicago area, “Metals Technology Corp.” entering receivership (the original story is further down). The story caught us off guard because this is a much larger than average commercial heat treater and we had heard nothing about financial issues. To give you an idea about the size of the company they have 3 austemper lines, 9 batch IQ’s, 4 endothermic generators, 5 vacuum furnaces, 5 induction systems, 1 automated marquench unit, 6 blast finishing systems and other miscellaneous items. When we first started tracking down this story, we were told that it was hoped a buyer would be found within 60-90 days-a very short timeline indeed. Well, if the rumors we are hearing are true a buyer has been found. What we have been told is that a very large coating company in the region will be the new owners. While we can’t 100% confirm this, we also have no reason to not believe it. We will keep you updated.
“AUGUST 12, 2024; USA Commercial Heat Treater in Receivership-“Metals Technology”; Yesterday we had a news item entitled “USA Commercial Heat Treater Enters Receivership” https://themonty.com/usa-commercial-heat-treater-enters-receivership/ and as promised “The Monty Heat Treat News” followed up on this story-this is what we found out; While it would be difficult to say this is a good news story, we can certainly claim that it is not a bad story either. The company is a long-established commercial heat treater by the name of “Metals Technology” in Carol Stream, IL, USA https://metalstechnology.com/. Established in 1963 it has consistently had sales of over $14 million USD in the past few years and offers austempering, carburizing, vacuum hardening, induction hardening, marquenching and straightening to name a few processes-all in a 70,000 square foot facility. While the company is temporarily in receivership all suppliers are getting paid on time, all customers are being serviced, no employees are being laid off and plans are that the company will continue operating as it has in the past. Watch for more updates from “The Monty”. https://themonty.com/usa-commercial-heat-treater-in-receivership-metals-technology/”
“Gear Manufacturer Auctioning Vacuum Carburizing Furnaces; Bidding is now open for an auction being held in Vienna, Austria at Opel Gear Manufacturing. The now closed facility manufactured components for automotive transmissions and amongst the items for auction is a large amount of heat treatment equipment. This includes ECM 6-Chamber ICBP vacuum carburizing systems built in 2003, Aichelin Endothermic generators and LOI furnaces. It is very hard to gauge how much interest these items will generate. Certainly ECM, Aichelin and LOI are very respected names in the heat treatment industry, but on the other side of the coin the automotive heat treatment industry in Germany is slow these days and we would assume this will have a very detrimental effect on bidding. We will keep you updated.” https://themonty.com/gear-manufacturer-auctioning-vacuum-carburizing-furnaces/Heat Treatment Names in the News https://themonty.com/heat-treatment-names-in-the-news-7/; On a regular basis “The Monty Heat Treat News” keeps you up to date on personnel changes in the global heat treatment industry-here is this week’s update;
Glenn Ottinger, Vitesse Systems; Glenn Ottinger has just been appointed General Manager, USA West Coast at Vitesse Systems. Glenn spent 16 years with ThermoFusion in Hayward, CA, a commercial vacuum brazing firm and we mentioned his name recently when he left the company. “Vitesse Systems is the leading supplier of complex antenna and thermal management solutions critical to the advancement of next-generation Radar, Electronic Warfare and C4I systems.” The Vitesse portfolio includes California Brazing in Newark, CA and Nevada Heat Treat in Carson City, Nevada which is rather interesting.Scott Calardo, Bodycote; Scott worked with commercial heat-treating giant Bodycote for many years, most recently as Vice President, Capital Projects for the AGI Division. However, things change and he recently parted ways with the company.
Christopher Feisley, Surface Combustion; Christopher has worked for furnace builder Surface Combustion of Maumee, Ohio, USA for a number of years now in different positions, recently he was appointed Product Line Manager, Batch Equipment, Engineered Products. Surface Combustion is ranked by “The Monty Heat Treat News” as one of the 10 largest furnace builders in North America-find out where at https://themonty.com/project/10-largest-north-american-heat-treat-furnace-builders/
Ramiro Canales, Can-Eng Furnaces International; Ramiro was recently appointed Mechanical Project Leader at Can-Eng Furnaces International of Niagara Falls, Ontario, Canada. Ramiro has worked with Can-Eng several times in the past, proving once again that few people ever leave the heat treatment industry after getting a taste of it. Can-Eng is another company ranked by “The Monty Heat Treat News” as one of the 10 largest furnace builders in North America. https://themonty.com/project/10-largest-north-american-heat-treat-furnace-builders/