The Ellwood Group Inc. has purchased and will operate Gulfco Forge Co., a manufacturer of open-die forgings and rolled rings in Beaumont, TX. The cost and other details of the acquisition were not announced.
Gulfco Forge will be a division of EGI, a Pennsylvania-based organization with 26 business units that include open- and closed-die forging operations producing engineered parts for capital equipment manufacturers. It also has specialty steelmaking and iron casting operations.
Gulfco was established in 1919 as a machine shop and manufacturer of heavy components used in oilfield activities and marine manufacturing. The company purchased Beaumont Forge in 1955.
Altus Capital Partners, a private-equity group, purchased Gulf Coast Machine & Supply Co. (Gulfco) in 2012. The 204,100-sq.ft. plant was extensively refurbished during 2014-15. The forging equipment includes a 3,500-ton open-die press, a 2,000-ton press, 10,000-lb. hammer, and several ring mills. It also has heat-treating, finish machining, and product testing capabilities.
Gulfco is able to supply forgings weighing up to 50,000 lbs., measuring up to 4 ft. long and 13 ft. in diameter. Its rolled rings measure up to 132 in. OD with lengths up to 48 in. Its range of products includes discs, bushings, blocks, and gear blanks, as well as seamless rolled rings.
"The acquisition of Gulf Coast’s assets will bring key synergies to EGI and position Gulfco Forge for long-term success and financial stability," according to a group statement.