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USA - United Foundries selling assets to Whemco

<font size="2">CANTON - United Foundries has agreed to sell all of its assets to Pittsburgh-based manufacturing conglomerate Whemco. </font>

<font size="2">United, almost a century old at 1400 Grace Ave. NE, makes the huge iron rollers — called rolls in the industry — that are used </font><font size="2">in steel <a href="https://www.foundry-planet.com/foundry-dictionary.html?&amp;L=1favicon.ico&amp;tx_hrtdictionary_pi1[showUid]=9066" target="_top">rolling mills</a> to <a href="https://www.foundry-planet.com/foundry-dictionary.html?&amp;L=1favicon.ico&amp;tx_hrtdictionary_pi1[showUid]=4051" target="_top">flatten</a> <a href="https://www.foundry-planet.com/foundry-dictionary.html?&amp;L=1favicon.ico&amp;tx_hrtdictionary_pi1[showUid]=10267" target="_top">steel</a> like a rolling pin flattens dough. Some of the rolls weigh up to 20 tons. The company </font><font size="2">also makes rolls for the <a href="https://www.foundry-planet.com/foundry-dictionary.html?&amp;L=1favicon.ico&amp;tx_hrtdictionary_pi1[showUid]=7236" target="_top">nonferrous metals</a>, rubber and plastic industries. </font>

<font size="2">The closely held company also has plants in Youngstown and South Africa. </font>

<font size="2">United CEO Ed Bauer said his understanding is that the company's contract with United Steelworkers Local 3610 will remain in </font><font size="2">effect and the new owners plan to maintain full employment. </font>

<font size="2">The Canton plant employs 110 hourly workers and 40 salaried personnel, he said. No changes are planned, said Bauer, who has </font><font size="2">been with the company for 42 years. He plans to stay on "for a while," he said. </font>

<font size="2">Terms of the deal were not announced, but United President Ron Martin said the transaction is slated to close at the end of </font><font size="2">September. </font>

<font size="2">"The addition of the United assets to Whemco's portfolio would not only enhance our ability to serve our existing customer, but </font><font size="2">also would allow us to enter new markets," Whemco President and CEO Charles Novelli said in a statement. </font>

<font size="2">Whemco is a collection of manufacturing facilities acquired since 1983 by parent company Park Corp. of Cleveland. </font>

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