Semi-fabricated aluminium firm Kaiser Aluminum Corporation revealed on Wednesday the acquisition of additive manufacturing and machining firm Imperial Machine & Tool Co. of Columbia, New Jersey.
The press release provided few details and, at the present time, no financial arrangements or timeline for the deal’s completion are available.
Jack A. Hockema, Chairman and Chief Executive Officer, hailed the move as an enhancement of Kaiser’s technological capabilities.
“The acquisition brings significant technology and intellectual property to broaden Kaiser’s ability to provide solutions for demanding applications in compatible end markets. With a 75-year history of success and innovation, Imperial has a strong management and technical team that will complement our metallurgical and application engineering expertise to further advance our capability to deliver highly engineered solutions for our customers.”
Imperial Machine & Tool adds expertise in working a wide variety of materials, including aluminium, titanium, tantalum, molybdenum, nickel alloys, tungsten, cobalt chromium, and stainless steel. The firm, which was founded in the midst of World War II by German immigrant Michael Joest, operates from a 30,000 ft2 facility in New Jersey in addition to 40 satellite CNC machining centers.
Among Imperial’s most recent additions is that of a Metal Additive Manufacturing through Powder Bed Fusion (3D Metal Printing) service, marked by the firm’s acquisition of a SLM 280 HL in 2013. A second SLM machine was added to Imperial’s arsenal two years later.
Founded in 1946, Kaiser Aluminum Corporation is among the United States’ top providers of semi-fabricated specialty aluminium products. Its customers include leading firms in the aerospace and general engineering sectors, as well as companies seeking high-strength or custom automotive and industrial applications. Kaiser Aluminum produces value-added sheet, plate, extrusions, rod, bar, tube and wire products at its North American operations. The firm’s stock is listed in the Russell 2000 index and the S&P Small Cap 600 index.