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Scott Bockbrader 2018-12-12T15:53:52-05:00 October 29th, 2013 |

SIFCO Industries, Inc.

SIF

3.18

-0.12

Common Stock
Exchange: NYSE

Change (%):

-3.64%

Volume:

2892

Copyright ©2018 SIFCO Industries Inc., All Rights Reserved | Terms of Use | Privacy Policy

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SIFCO Industries, Inc. adds to its Forged Components Group by acquiring MW General, Inc. (DBA General Aluminium Forgings)
Cleveland, Ohio, July 23, 2013: SIFCO Industries, Inc. (NYSE MKT: SIF) (“SIFCO”), a leading supplier of forged components to the aerospace and energy industries, announces the acquisition of substantially all of the operating assets and operations of MW General, Inc. (DBA General Aluminium Forgings) (“GAF”). GAF is an aerospace component supplier located in Colorado Springs, Colorado, principally supplying precision aluminum forgings to the commercial aerospace industry. GAF also supplies components to the military and medical industries. The transaction closed on July 23, 2013. Specific terms of the transaction were not disclosed.
SIFCO Industries, Inc. will operate the business under a newly created entity, General Aluminum Forgings, LLC, and will conduct business under the trade name General Aluminum Forge (“GAF”). GAF will be a whollyowned subsidiary of Quality Aluminum Forge, LLC, SIFCO’s existing aluminum forging business. This acquisition increases SIFCO’s presence in the aluminum forging market, expands its capacity and broadens its customer base. The acquisition also continues SIFCO’s focus on growing its presence in the commercial aerospace market.
SIFCO Chief Executive Officer, Michael S. Lipscomb, said: “The addition of GAF meaningfully grows our aluminum forgings business and increases our aluminum product capabilities. We are very pleased to add this business to our growing forge family.”
SIFCO Industries is a world-wide provider of highly engineered forged components to the Aerospace, Defense and Energy markets.
SIFCO Industries, Inc.
970 East 64th Street, Cleveland
OH 44103, USA
Tel: +1 216 881 8600
Fax: +1 216 432 6281

We perform, You succeed, Together we grow! - Call Us Today: +1 216 881 8600
Home / News / PRESS RELEASE RE CEO, PETE KNAPPER
Scott Bockbrader 2018-12-12T14:41:02-05:00 December 12th, 2016 |

SIFCO Industries, Inc.

SIF

3.18

-0.12

Common Stock
Exchange: NYSE

Change (%):

-3.64%

Volume:

2892

Copyright ©2018 SIFCO Industries Inc., All Rights Reserved | Terms of Use | Privacy Policy

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SIFCO Industries, Inc. Names Peter W. Knapper President and Chief Executive Officer;
Announces Board Changes
June 17, 2016 – Cleveland, Ohio – The board of directors of SIFCO Industries, Inc. (NYSE MKT: SIF)
(the “Company”) today announced that it has named Peter W. Knapper as its President and Chief
Executive Officer, effective June 29, 2016. Knapper, 55, will succeed Michael S. Lipscomb, who has
served as the company’s President and CEO since 2009 and as Chairman, President and CEO since 2015.
In March, the Company announced Mr. Lipscomb’s intention to retire this year after a replacement
has been named. Mr. Lipscomb will also retire from his role as Chairman of the Board, but will
remain on the board of directors to facilitate a smooth leadership transition. Lead Director Norman
E. Wells, Jr. will succeed Mr. Lipscomb as Chairman of the Board effective July 1. Mr. Knapper has
also been appointed as a member of the Board of Directors, effective upon his hire.
“After a comprehensive search process, the board is pleased to have found such a uniquely-qualified
individual to lead SIFCO,” Wells said. “Pete brings to SIFCO tremendous experience in the aerospace
and energy markets and has a demonstrated track record of improving profitability and enhancing
customer relationships.”
“I’m very pleased to join the SIFCO team,” said Knapper. “The opportunity to join an over century
old company that has demonstrated the vision to invest in a wide array of metal forming
capabilities with a global footprint is truly exciting. Our focus can now be on merging these
competencies into an efficient suite of services that create value for our customers, our
associates and our shareholders.”
Mr. Knapper was previously Director of Strategy and Site Development at TECT Corporation. His
previous roles at TECT include President of TECT Aerospace (2010 – 2014), Vice President,
Operations, TECT Aerospace (2009 – 2010) and Vice President, Operations, TECT Power (2007 – 2009).
Prior to TECT, his previous experience includes key operating roles at Rolls Royce Energy,
Sermatech International, Honeywell International, and General Electric. Mr. Knapper holds a Master
of Business Administration from Ohio University and a Bachelor of Science in Mechanical Engineering
Technology from the University of Cincinnati.
Forward-Looking Language
Certain statements contained in this press release are “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to
financial results and plans for future business development activities, and are thus prospective.
Such forward-looking statements are subject to risks, uncertainties and other factors, which could
cause actual results to differ materially from future results expressed or implied by such
forward-looking statements. Potential risks and uncertainties include, but are not limited to,
economic conditions, competition and other uncertainties detailed from time to time in the
Company’s Securities and Exchange Commission filings.
The Company’s Form 10-K for the year ended September 30, 2015 can be accessed through its website:
www.sifco.com, or on the Securities and Exchange Commission’s website: www.sec.gov.
SIFCO Industries, Inc. is engaged in the production of forgings and machined components primarily
for the aerospace and energy markets. The processes and services include forging, heat-treating,
and machining.’
Contacts
SIFCO Industries, Inc.
Salvatore Incanno, 216-881-8600
www.sifco.com
SIFCO Industries is a world-wide provider of highly engineered forged components to the Aerospace, Defense and Energy markets.
SIFCO Industries, Inc.
970 East 64th Street, Cleveland
OH 44103, USA
Tel: +1 216 881 8600
Fax: +1 216 432 6281

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