Two Induction Leaders Formally Combine Operations


ABP AND PILLAR WILL NOW BE ABP INDUCTION

DORTMUND, GERMANY, February 12, 2008 - ABP Induction, LLC and Pillar Induction Company, LLC, both experts in induction melting and heating, have combined their operations into ABP Induction, LLC. Both companies are owned by CM Acquisitions, a Chicago-based investor. Pillar and ABP have been working closely together for the past two years, since ABP Induction was formed through the acquisition of ABB's (Asea Brown Boveri) Foundry Systems Business Unit in November 2005.

This combination creates one of the world's leading induction companies. With nine locations globally, and an expansive service network, ABP offers its clients a comprehensive selection of products and services in the field of induction melting and heating. These product offerings include: coreless induction furnaces, induction channel furnaces, holding furnaces, heated and unheated pouring furnaces with leading-edge control technology for ferrous and non-ferrous applications, induction heating equipment for forming, heat treatment and hardening, as well as comprehensive systems engineering, automation and project management.

Both companies have a long history as leaders in the field of induction. Each has made, and ABP Induction continues to make, major contributions to the technology. In 1903, for example, ABP - at that time still under the name of ASEA - manufactured the first induction channel furnace for the foundry industry. In 1988, the ASEA group merged with Brown Boveri & Cie to become Asea Brown Boveri (ABB). Pillar Induction, founded in the US in 1966, developed the first solid-state power supply and followed it up with the first transistorized induction power supply. This technology is still critically important for induction melting and heating today.

With the announcement of this combination, the company passes another important milestone in its 100+ year history. Wolfgang Andree, President of ABP Induction, said: "This enables us to better serve our customers by providing a more expansive product offering and enhanced aftermarket services. Further, customers will benefit from the innovative products and technology that will result from the combination of these two technological leaders."

About ABP

ABP Induction provides induction melting and heating systems and aftermarket services to foundries, forging operations and manufacturers worldwide. For more information, please visit www.abpinduction.com

Contact: Karen Hamilton
Phone: 262-317-5312

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