ALCAST Midwest Works LLC in Fairfield has sold its operating assets to its Galesburg, Illinois-based sister company, Aluminum Castings Company.
The sale occurred Nov. 29. In the sale, 36 of the Fairfield staff were hired by Aluminum Casting Company while nine were not. Vice President of Operations for Aluminum Casting Company Scott Kelsey said the slimmer operation was made possible by finding work-sharing opportunities with the firm’s other facilities.
Aluminum Casting Company is an aluminum sand castings foundry, specializing in supplying both cored and uncored parts in several aluminum alloys of all sizes and volumes, including prototyping.
Kelsey wants to reassure the community that little else will change, and that the firm’s operations will remain in Fairfield.
“Aluminum Castings Company is stable and well established,” he said. “This was a strategic business move for us to ensure the life of Fairfield operations and this will position us for growth in this facility.”
With this transition, Kelsey said that operations between their different locations were also restructured. They have reemphasized the sand molding operations in Fairfield to leverage the existing equipment and talent at the Fairfield location. They have also relocated their heat treating and grinding operations back to the Fairfield from their Clarence, Missouri, facility.
In addition, a portion of the previously outsourced core making work has now also been brought in-house to the Fairfield location.
“This is a positive change for the long-term sustainability of the company, [and] we’re going to have a completely different level of support from their years’ experience from our other operations, said Kelsey”
Kelsey has been the vice president of operations for Fairfield since the first acquisition in August of 2017. He said the ownership and management will not change.
“We have invested $1.5 million dollars into the facilities and equipment in Fairfield since 2017 and we have also added great health insurance benefits for our employees and a 401K opportunity, both which were not previously offered,” he said.
Kelsey sees a positive outlook on the aluminum castings industry, both in the short and long term.
“The industry is strong and as long we are able to maintain sustainable profits, we are looking at adding a new sand molding machine in Fairfield, which would add jobs here,” he said.
Joshua Laraby, Executive Director for Fairfield Economic Development Association, said, “It is good news to hear most operations will remain in Fairfield. Considering the changes, things sound to be stable for the company overall.”
“The local economy is strong and all of our sectors including the manufacturing sector are continuing to grow and add jobs. I encourage the displaced workers to apply with the Fairfield manufacturing companies.”