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 ANNOUNCEMENTS
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07/01/04 |
Dameron
acquires Precision MicroCast Foundry of Ventura, CA. |
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FROM:
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Dameron
Newsletter - Fall 2004 |
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On
July 1st of this year, Dameron Alloy Foundries headquartered
in Compton, CA, entered into an agreement with Precision
MicroCast (PMI) of Ventura, CA whereby we acquired the
assets and the use of their facilities, and assumed responsibility
for the continuation of their services to their customers,
vendors and employees. In addition to pouring many of
the same alloy compositions as Dameron, Precision Micro-
Cast also has the capability of vacuum pouring many nickel
and cobalt base alloys for use in the aircraft, aerospace
and defense industries.
Founded by Fred Fletcher on the premise of providing complete
ferrous and non-ferrous quality investment castings and
superb services to the industry, PMI began producing investment
castings in 1988 at its current location. Ray Ahuja joined
the company in 1990. Many of their early customers have
remained loyal to PMI and the quality castings that the
foundry regularly produces. Both Fred Fletcher (President)
and Ray Ahuja (Chairman) have remained loyal to those
same customers as well and will remain “hands-on”
for several months to come. Their founding premise and
their ongoing approach to customer loyalty and satisfaction
are a couple of the many reasons Dameron was attracted
to PMI. It is easy to respect their accomplishments and
how they have taken complete care of their customers’
needs. The goal of the new company will be nothing less
than to continue with that legacy.
Already knowing this as a shared and clear goal of both
companies, Fred Fletcher said after his visit to Dameron,
“I was very impressed with Mr. Jack Dameron and his
staff and I knew that Dameron was the perfect place for
PMI to be.” Fred also noted that the PMI operation
is running better now than ever before. Jack was equally
impressed with Fred and during their meeting told him
that he respected both him and the PMI staff for their
accomplishments and their solid customer orientation.
He went on to say that his personal goal is to see both
companies work together in a professional and friendly
manner and that he, Fred and all staff members continue
that friendship into the future.
In addition to these shared philosophies, the combining
of the two companies creates a greater force to better
deal with the high manufacturing costs in the industry
including workers compensation, health insurance, utilities,
etc. The coming together of PMI and Dameron will allow
the company to become more efficient and help hold down
the rising high cost of doing business.
As was the case in Dameron’s previous acquisition
of Truecast, Inc. in the spring of 2002, this acquisition
serves as an asset builder for Dameron. One of those assets
is the casting markets served by PMI that include: Aircraft
pump and valve, Medical implant/instrument and Defense
market sectors. Dameron already serves a number of these
markets, while others bring new opportunities for the
company. These markets and the ability to provide limited
vacuum poured alloys as well as vacuum heat-treated alloysoffer
a new customer base for Dameron that will be expanded
over the coming months and years.
Additionally, the PMI acquisition also allows for utilization
of their “in-house” NDT equipment that includes
magnetic particle, dye penetrant inspection facilities
as well as radiographic inspection. Customer required
certification of NDT inspections will continue to be provided
by accredited outside sources.
Another of the key assets that come with the acquisition
is the employees of the PMI organization. Each individual
has been key to the company’s success in helping
make PMI a recognizable name in the foundry industry.
They will play an important part in the transition period
over the coming months.
Dameron is extremely enthused and excited about the PMI
acquisition in that it most assuredly complements the
corporate efforts of the company. This acquisition makes
for a stronger, more diversified Dameron operation and
it is a huge step in Dameron’s continuous improvement
and development of the QA/QC programs within the company.
The addition of PMI product line enhances Dameron’s
ongoing commitment to be among “the best in the world”
at providing a superior casting that meets our customers’
total quality requirements.
From the customer focused goals defined by Messrs. Jack
Dameron and Fred Fletcher, the newly combined operating
force of Dafco, Daftec, China, Truecast, Dafmex and now
Precision MicroCast, Dameron Alloy Foundries provides
a uniquely structured, multi-national organization. Dameron
stands ready to meet customer needs, whether those needs
are for a casting or a machined part in any size, configuration
or quantity for ultimate service in a wide variety of
industries including aerospace, defense, medical and commercial
valve and pump.
The company has achieved outstanding success over the
past several years and this most recent acquisition will
only enhance that position and complement the direction
the Dameron Corporation is heading in 2005 and beyond.
At your earliest convenience, please contact anyone in
our sales or customer service departments to learn more
about Dameron’s enhanced facility capabilities. |
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DOWNLOAD NEWSLETTER
(PDF) - FALL 2004 |
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