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Article: Fu Sheng Acquires Coastcast Assets.
- Article from:
- Business Wire
- Article date:
- September 16, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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RANCHO DOMINGUEZ, Calif. -- FS-Precision Tech Co LLC, a subsidiary of Fu Sheng Industrial Co, Ltd. (TSE: 1520), today announced it has acquired the non-golf business and certain assets of Coastcast Corporation (OTCBB: COCA), a global supplier of precision titanium, cobalt, nickel, and steel investment castings for medical, automotive, and commercial markets. The all cash transaction included the Rancho Dominguez facilities and assets. Coastcast has retained its liabilities, accounts receivable, cash and certain other assets.
The acquisition provides Fu Sheng entry into global medical and automotive markets to complement its positions in air compressor and premium ...