Ajax Tocco Magnethermic (ATM) acquired the assets and intellectual property formerly known as Pillar from ABP Induction. The business provides induction systems and aftermarket parts and service to a worldwide market. The sale includes the Brookfield, Wis., and Sterling Heights, Mich., operations. ABP’s induction melting operations in North Brunswick, N.J., and Massillon, Ohio are unaffected as well as its international operations, which include ABP Induction Systems Shanghai, previously Pillar Shanghai. ATM will reinstate the name Pillar Induction and operate it as a division of ATM.
All Pillar products will continue to be sold and markets served will continue to be supported. All personnel associated with Pillar products have been transferred to the new division, and customers of Pillar products and services will continue to receive the benefit of the relationships established with the existing operations.
Ajax Tocco Acquires Assets from ABP Induction
January 11, 2011