Portland, Ore.-based Sapa, a pro-
vider of aluminum extrusions, build-
ing systems, and precision tubing, has
completed an asset purchase agree-
ment with Northwest Aluminum Spe-
cialties Inc. to acquire its casting plant
in The Dalles, Ore. This facility brings
Sapa’s North American cast house
network to a total of nine locations.
Under the terms of the agreement,
Sapa has purchased the physical assets of the casting facility, including
plant, property, equipment, and inventory. The company plans to retain
most of the more than 50 people employed at the plant.
CM Truck Beds has announced the retooling and opening of a manufacturing plant in Madill, Okla.
• 55 percent said they cannot hire
more workers because of late-payment practices.
The 30,000-sq.-ft. plant produces
aluminum truck beds.
Rolls-Royce has announced it will
invest nearly $600 million to modernize its manufacturing operations in Indianapolis and to conduct technology
The results show that large compa-
nies that began forcing extended pay-
ment terms on suppliers in response
to the 2008 financial crisis are still
extending payment terms as a mat-
ter of policy, thus creating significant
and sometimes dire consequences for
• 57 percent believe either they or
other suppliers likely will be forced
from the market as a result of extend-
ed payment terms.
As a consequence of late payments,
many suppliers report having to take
on additional debt to fund operations.
They are unable to expand, hire, or
give their employees raises.
• 54 percent said they probably
won’t be able to expand their business
because of late-payment practices.
Upgrades will include new manufacturing and assembly operations.
The five-year modernization plan also
will consolidate operations and reduce utility costs.
Other findings from the 105 executives and small-business owners who
participated in the survey are:
Survey of late-payment practices
shows damage to suppliers
• 72 percent said consumers will
likely face price increases as a result of
continued extended payment terms.
The company produces engines for
a variety of military and commercial
aircraft, as well as marine propulsion
Research firm APQC, Houston, has
released the report “Customers with
Clout Squeezing Suppliers,” which
highlights the results of the firm’s survey of how late payment practices affect suppliers.
• 72 percent believe the continuing
practice of late payments will ultimately result in higher prices for their
Auburn, Wash.-based Imaginetics
LLC, a manufacturer of precision metal components and assemblies for the
aerospace industry, has acquired Azmark Aerosystems LLC, Gilbert, Ariz.,
a manufacturer of hard metal components for the aerospace and defense
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Imaginetics is a portfolio investment of Kidd & Co., an Old Greenwich,
Conn.-based private investment firm,
and Centerfield Capital Partners, a
mezzanine and equity investment
firm located in Indianapolis.
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