TPI July 2012

business & market news

FDS Group acquires AGS The FDS Group has announced that is has acquired AGS Group, Inc, a supplier of gaskets, fasteners, pipe supports and instrumentation to the Canadian market. Established in 1979 and with locations in Edmonton, Calgary, Sarnia, Grand Prairie and Red Deer, AGS has built a solid reputation for leading edge sealing solutions and technologies to support the oil and gas industries in Alberta and throughout Canada.

sealing companies: Flexitallic ® , SIEM, Novus, Induseal and Sealex.

sales and engineering support to the oil and gas market. Its manufacturing and specialised laser fabrication facilities provide gasket solutions for some of the most demanding environments and applications. “Bringing AGS into the FDS family of companies is really a natural fit,” said Jerry Lastovica, CEO of Flexitallic LP, who will have responsibility for the new acquisition to ensure a seamless transition. The acquisition of AGS, now renamed AGS Flexitallic, is the next step in FDS Group’s expansion strategy, following the acquisition of Sealex in the UK in August 2011.

FDS manufactures specialised sealing solutions and products serving oil and gas industries, power generation, chemical and petrochemical industries in emerging and developed markets throughout the world. The group has owned manufacturing facilities in the USA, Canada, Mexico, UK, France, Germany and China, and an extensive network of licensed manufacturers throughout the world. AGS has been the exclusive manufacturing licensee and distributor for Flexitallic in Canada since 2002, providing advanced manufacturing,

“AGS offers great synergies to further our mission of improving industrial processes and safety of operations in diverse industrial sectors,” commented Remi Toledano, global CEO of the FDS Group. AGS joins the strategically positioned FDS Group of industrial

FDS Group – France www.fdsgroup.net

Booking status reflects recovery of sheet metal industry

working industry. Several months ahead of the opening of the exhibition, a total of 1,235 exhibitors from 38 countries have already reserved their stand space, covering a net exhibition space of 83,000m 2 . These are some 5,000m 2 more than the total exhibition space at the previous event.EuroBLECH 2012 will again occupy halls 11,12,13,14,15,16,17 and 27 at the Hanover Exhibition Grounds.

The exhibition profile represents the entire sheet metal working technology chain: sheet metal, semi-finished and finished products, handling, separation, forming, flexible sheet metal working, processing of hybrid structures, tools, quality control, CAD/ CAM systems and R&D.

THE 22 nd International Sheet Metal Working Technology Exhibition, EuroBLECH 2012, will take place from 23 – 27 October 2012 in Hanover, Germany. The event is renowned as the leading trade exhibition for this industry sector. The current booking status of this year’s show reflects a significant stabilisation of the sheet metal

EuroBLECH 2012 – Germany www.euroblech.com

RathGibson to be acquired by Precision Castparts

recent restructuring, and giving the company a solid foundation to prosper.”

by Precision Castparts represents a great day for our company.

RathGibson, a manufacturer of welded, weldedanddrawn,andseamlessstainless steel, nickel, and speciality alloy tubing, has agreed to be acquired by Precision Castparts Corp (PCC). The acquisition is pending regulatory approvals. PCC is a diversified manufacturer of complex metal components and products, and serves the aerospace, power and general industrial markets.

Chairman of the board of RathGibson, Eugene Davis, added, “Wayzata Investment Partners led RathGibson through a difficult turnaround, but most of the credit goes to the team at RathGibson. With the PCC acquisition, the company is left in very stable hands.”

“Operating as part of PCC will allow RathGibson to accelerate its growth plans and offer a more complete product capability to the market. We look forward to capitalising on the opportunities that this strategic partnership will offer. We also would like to thank our current ownership group, led by Wayzata Partners, for shepherding RathGibson through its

RathGibson – USA www.rathgibson.com

Mark G Essig, CEO of RathGibson, stated, “The acquisition of RathGibson

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