Latest news with #MarcRiquelme
Cision Canada
11 hours ago
- Business
- Cision Canada
Signicast Acquires FS Precision, Adding Titanium Casting Capabilities to Expand Aerospace and Defense Offerings
HUTCHINS, Texas, June 18, 2025 /CNW/ -- Signicast, a Form Technologies company and a leading provider of precision investment casting solutions, is proud to announce the acquisition of FS Precision, a strategic move that adds titanium casting to its portfolio and further strengthens its position in the aerospace and defense industries. The acquisition includes FS Precision's intellectual property and specialized equipment, which Signicast has since upgraded, enabling the company to meet growing demand for titanium and other high-performance alloys across critical applications. The integration of FS Precision's technology enhances Signicast's ability to deliver fully integrated solutions-from inception to final assembly-while providing expanded capabilities in vacuum alloy manufacturing, advanced machining, sub-assembly, and packaging, ensuring comprehensive production solutions under one roof. Expanding Expertise in Aerospace and Defense With AS9100, NADCAP, and SOPHIA certifications, Signicast has established itself as a clear expert in the aerospace and defense sectors. The acquisition of FS Precision allows the company to take a significant step into the world of vacuum alloy manufacturing, particularly with titanium-a critical material for aerospace and defense applications. With this acquisition, Signicast is now able to offer titanium casting as part of its portfolio, further reinforcing its commitment to delivering high-performance components for these demanding industries. Growing Capacity and Capabilities Production has already commenced at Signicast's Hutchins, TX facility, leveraging the new capabilities acquired from FS Precision. This facility will serve as the cornerstone for growth in the vacuum alloy and titanium manufacturing markets. Signicast is also planning to further expand its capacity to meet growing demand from the aerospace, defense, and other advanced manufacturing markets. Strategic Vision for the Future "The acquisition of FS Precision represents a major milestone for Signicast," said Marc Riquelme, President of Signicast, "By combining FS Precision's expertise with our own advanced manufacturing capabilities, we are uniquely positioned to serve the aerospace and defense markets with innovative, high-quality solutions. This acquisition reflects our commitment to meeting the evolving needs of our customers and driving growth across key industries." Signicast's expanded portfolio now includes capabilities in titanium and vacuum alloy manufacturing, ensuring the delivery of durable, lightweight, and high-performing components essential for critical applications. About Signicast Signicast, a division of the Form Technologies group of precision metal manufacturers, is a global leader in precision investment casting, delivering fully integrated manufacturing solutions for a variety of industries, including aerospace, defense, medical, and automotive. With advanced facilities and a commitment to innovation, Signicast provides unmatched quality and expertise from design to final assembly.
Associated Press
08-04-2025
- Business
- Associated Press
OptiMIM and Vasantha Tool Crafts Pvt.Ltd. Announce Strategic Joint Venture 'OptiMIM Global' to Advance Metal Injection Molding Innovation and Global Reach
PORTLAND, Ore. and HYDERABAD, India, April 8, 2025 /PRNewswire/ -- OptiMIM, a Form Technologies company and a leader in advanced metal injection molding (MIM) solutions, is pleased to announce a strategic joint venture with Vasantha Tool Crafts a division of the globally recognized Vasantha Group. The new entity, 'OptiMIM Global,' marks a significant step in enhancing manufacturing capabilities, expanding market presence, and delivering cutting-edge MIM solutions to industries worldwide. By combining OptiMIM's state-of-the-art MIM technology with Vasantha's industry-leading expertise in precision mold design and high-accuracy manufacturing, this collaboration is set to redefine the standards for complex metal components across automotive, medical devices, consumer electronics, industrial, defense, and aerospace sectors. Strategic Advantages of the Joint Venture Expanded Global Reach: OptiMIM's strong presence in North America, combined with Vasantha's established operations in India, Europe, and the USA, allows for greater market penetration and customer accessibility worldwide. Enhanced Manufacturing Capabilities: Vasantha's proficiency in multi-cavity molds, conformal cooling, and rapid production will complement OptiMIM's existing MIM processes, leading to improved efficiency, precision, and cost-effectiveness. Diversified Industry Applications: Both companies cater to a diverse range of industries, facilitating innovation through shared expertise and sector-specific solutions. Optimized Resources & Workforce: The partnership brings together a large team of highly skilled and experienced professionals creating a robust infrastructure for high-quality production and streamlined operations. Strengthened R&D Initiatives: Combining research and development efforts will accelerate advancements in materials and MIM technology, keeping OptiMIM Global at the forefront of industry innovation. Risk Mitigation & Growth Stability: By sharing operational and financial responsibilities, both companies are positioned to scale strategically while mitigating risks in an evolving global market. 'Partnering with Vasantha Tool Crafts aligns with OptiMIM's mission to deliver world-class precision metal components with superior performance,' said Marc Riquelme, President of OptiMIM & Signicast. 'This joint venture enables us to leverage Vasantha's deep expertise in mold design and manufacturing to further enhance our offerings and provide even greater value to our customers worldwide.' Dayanand Reddy, Managing Director, Vasantha Tool Crafts added, 'We are excited to join forces with OptiMIM to push the boundaries of MIM technology. Our complementary strengths in high-precision manufacturing and innovative design will drive new possibilities for our customers across various industries.' This partnership is expected to accelerate growth, expand production capabilities, and enhance customer solutions by leveraging both companies' combined expertise, infrastructure, and commitment to excellence under the new OptiMIM Global brand. About OptiMIM OptiMIM, a Form Technologies company, is a leading provider of high-performance metal injection molding solutions, delivering world-class strength, corrosion resistance, and precision for the most demanding industries. With expertise in custom-formulated alloys and state-of-the-art manufacturing, OptiMIM ensures superior performance whether customers need thousands or millions of parts. Learn more at About Vasantha Tool Crafts Vasantha Tool Crafts Pvt. Ltd., established in 1989 in Hyderabad, India, is a leader in high-precision plastic injection molds and metal injection molding (MIM) solutions. Serving industries such as FMCG, healthcare, and consumer durables, the company has delivered over 4,000 Class 101 molds worldwide. Vasantha's advanced manufacturing capabilities include robotic automation, 3D metal printing, and in-house vacuum heat treatment. The company operates five state-of-the-art facilities across three continents. For more information, visit
