- FMA
- The Fabricator
- FABTECH
- Canadian Metalworking
Categories
- Additive Manufacturing
- Aluminum Welding
- Arc Welding
- Assembly and Joining
- Automation and Robotics
- Bending and Forming
- Consumables
- Cutting and Weld Prep
- Electric Vehicles
- En Español
- Finishing
- Hydroforming
- Laser Cutting
- Laser Welding
- Machining
- Manufacturing Software
- Materials Handling
- Metals/Materials
- Oxyfuel Cutting
- Plasma Cutting
- Power Tools
- Punching and Other Holemaking
- Roll Forming
- Safety
- Sawing
- Shearing
- Shop Management
- Testing and Measuring
- Tube and Pipe Fabrication
- Tube and Pipe Production
- Waterjet Cutting
Industry Directory
Webcasts
Podcasts
FAB 40
Advertise
Subscribe
Account Login
Search
Aluminum Extrusions Inc. seeks buyer for business
- October 25, 2017
- News Release
- Shop Management
Aluminum Extrusions Inc., an aluminum extruder in Senatobia, Miss., has retained Equity Partners HG to seek a buyer for the business. The company offers end-to-end service, including extrusion, fabrication, painting, packaging, and shipping.
The 115,000-sq.-ft. facility once employed more than 200 people. In August 2015, a fire in the paint building destroyed the paint line; because most customers required painted aluminum, they moved their business elsewhere. As a result of this loss in sales, the company filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code in July 2017 and now operates as a debtor in possession.
John King, president of AEI, commented, “The fire created a significant cash constraint for the company. Once we complete a sale and emerge from bankruptcy, I believe our quality and service will bring back those customers that went elsewhere. I’m already getting calls from groups asking about the timing of this process.”
A sale of assets will take place in the next 45 days. The company, which has a workforce in place, can extrude 6-in. billet, which allows for small, intricate extrusions. It extrudes the standard 6063 and 6005 alloy series. Sawing capabilities are 6 to 25 ft., which holds aluminum standard cutting tolerances. The firm also can hold specified cutting tolerances to +/- 1/16 in.
The Ransburg Gema vertical paint line that was rebuilt after the fire in 2015 uses polyester baked enamel that exceeds AAMA 2603 specifications and can process 90,000 lbs. of painted aluminum per day in lengths up to 20 ft.
subscribe now
The Fabricator is North America's leading magazine for the metal forming and fabricating industry. The magazine delivers the news, technical articles, and case histories that enable fabricators to do their jobs more efficiently. The Fabricator has served the industry since 1970.
start your free subscription- Stay connected from anywhere
Easily access valuable industry resources now with full access to the digital edition of The Fabricator.
Easily access valuable industry resources now with full access to the digital edition of The Welder.
Easily access valuable industry resources now with full access to the digital edition of The Tube and Pipe Journal.
Easily access valuable industry resources now with full access to the digital edition of The Fabricator en Español.
- Podcasting
- Podcast:
- The Fabricator Podcast
- Published:
- 04/30/2024
- Running Time:
- 53:00
Seth Feldman of Iowa-based Wertzbaugher Services joins The Fabricator Podcast to offer his take as a Gen Zer...
- Industry Events
Pipe and Tube Conference
- May 21 - 22, 2024
- Omaha, NE
World-Class Roll Forming Workshop
- June 5 - 6, 2024
- Louisville, KY
Advanced Laser Application Workshop
- June 25 - 27, 2024
- Novi, MI
Precision Press Brake Certificate Course
- July 31 - August 1, 2024
- Elgin,