Ajax Magnethermic Corp. Assets Sold
October 29, 2002
The operating assets of Ajax Magnethermic Corp. were sold on September 10, 2002, to a subsidiary of Park-Ohio, headquartered in Cleveland, Ohio. The Ajax Magnethermic assets are being combined with certain assets of TOCCO to form a new entity, Ajax TOCCO. The president of the new company is Ronald J. Cozean of Park-Ohio Corp.