Castle Harlan Agrees to Sell AmeriCast for US$288 Million to Bradken

Castle Harlan, Inc., the New York private equity investment firm, announced that it had agreed to sell AmeriCast Technologies, Inc., a North American leader in the design and manufacture of large, complex steel castings, to Bradken Ltd., a leading publicly-traded Australian manufacturer of cast steel and other products, primarily for the mining and railroad industries, in a transaction valued at approximately... 

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Northwest Pipe Company Announces Energy Products Order

Northwest Pipe Company announced today its single largest order for its energy products. The Company received a $10.6 million order from a Houston-based distributor focused on serving the oil and gas industry. Approximately two thirds of the order will be put into use as gas gathering pipe in domestic gas fields. The final third will be exported to Ghana, where it will be used in a tank storage farm. “We... 

Biofuel Energy plans to fund ethanol endeavors with IPO

A Denver biofuel company that’s partnering with agribusiness giant Cargill plans a $300 million public offering to fund its ethanol efforts. The stock sale by Biofuel Energy Corp. – less than two years after its founding – is more evidence of the movement to cash in on the growing ethanol industry. The nation’s ethanol production has nearly doubled in the past four years to... 

Ethanol Stocks Down

Shares of ethanol producers fell Friday after an analyst cut his rating on two companies and slashed his price target for a third, citing concerns about weakening pricing power for the industry. Ian Horowitz of Soleil Securities Group trimmed his expectations for the price producers will receive for ethanol through 2008, “due to both the overall decline from peak gasoline prices as well as the...