October 2, 2013
Automatic Feed Co. (AFCO), a supplier of blanking and cut-to-length lines, Napoleon, Ohio, has announced the formation of spinoff company LaserCoil Technologies LLC, focused on providing technologies for laser cutting of blanks from coil in aluminum, mild steel, and high-strength steels for surface-sensitive panels and structural components.
AFCO has developed the technology over the past five years, successfully running pilot programs and processing production blanks for automotive customers since 2012.
The new company is headed by Kim Beck as president and Jay Finn as chief technical officer, both formerly with AFCO. It will move to its own facility in the fourth quarter of 2013.