SPS to Acquire Argueso
April 03
00:00
2001
SPS to Acquire Argueso
John Wolz
SPS Technologies Inc. will acquire M. Argueso & Co. Inc.
Mamaroneck, NY-based Argueso manufactures and distributes wax blends for the investment casting industry. The products are used in aerospace, power generation and medical investment castings. SPS plans to operate Argueso as part of its specialty materials & alloys group.\
Argueso reported revenue of $21 million last year.
Jenkintown, PA-based SPS said John Argueso will continue as president and the management will “remain an integral part of the acquired company�s management.”
The Argueso acquisition is part of the group�s strategy of expanding product offerings and technical support in the investment casting industry. Web: spstech.com
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