
The largest
independent ferrous casting and forging operation in Australia, with 600
staff and sales approaching A$100 million. Intercast & Forge supplies high quality cast iron components
to the automotive, rail and general industrial markets worldwide directly
and indirectly exporting 35 percent of sales.
AMIL acquired a majority of the company from Britain's BTR Group in 2000,
attracted by its established market position, strong management team and export
growth potential. AMIL has since worked with management, which now holds 15
percent of the company's equity, to divest loss making operations and achieve
other efficiencies. Possible exits include a trade sale or a refinancing through
which management will increase their stake in the company.