10
May
15:56
Ampco to shed cast roll mill division
US mill roll supplier Ampco-Pittsburgh plans to divest its cast roll business, Kallanish learns from the company’s first quarter earnings review.
The Carnegie, Pennsylvania-based company will sell its Avonmore, Pennsylvania, cast roll business to Whemco. The transaction will close in the second half of 2019.
As a result of the sale, the company incurred an impairment charge of $10.1 million, based on the assets’ recovery cost. The company did not …
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