A pair of aluminum foundries have been acquired by Shipston Equity Group LLC which is positioning the two operations to support its larger enterprise, a network of CNC machining operations known as Bushe Enterprise Division LLC. The value of the purchase was not announced.
Compass Automotive Group has two permanent mold foundries in Franklin, IN, and Fruitport, MI, producing high-integrity aluminum parts for automotive chassis and suspensions, as well as other engineered castings for OEMs and Tier 1 suppliers in automotive, agricultural, construction and industrial markets. The group has design capabilities as well.
The foundries will be rebranded as Shipston Aluminum Technologies.
Busche Enterprise lists over 300 CNC machining and turning machines installed at 10 plants in Albion and Kendallville, IN, and Hartselle, AL. It also has a metrology lab and distribution center in Albion. Its specialty is finishing complex castings and forgings for a similar selection of markets: automotive, agricultural, and durable goods manufacturing.
Nick A. Busche, the president and chief operating officer of Shipston’s Advance Machining and Materials Technologies Group, and president and CEO of Busche Enterprise, will manage the foundry organization. “With S.A.T.’s connections to the Asian and European OEMs, as well as major Tier One suppliers, the opportunity for Busche to offer our CNC machining expertise to the International markets have increased immensely,” he said.
