An Alliance for the Future
When SIFCO purchased T&W Forge, Inc., of Alliance, Ohio, in December 2010, it was in keeping with SIFCO’s approach to its second hundred years as a continually forward-thinking leader in the forge industry.
T&W—or TWF—manufactures forged components in all grades of stainless, alloy and carbon steel, titanium and other high-temperature materials for industrial gas turbine engines. The SIFCO subsidiary also forges products for the aerospace, construction and mining industries, and makes specialty forged products for the petrochemical and transportation markets. All of TWF’s forgings are made with closed impression dies.
In its half-million-square-foot facility, TWF has more than a dozen forging hammers, ranging from 1,500 to 25,000 lbs., as well as 6-, 3- and 4-inch upsetters. Like its parent company SIFCO, TWF has extensive engineering and design capabilities, such as metallurgical services and die making.
T&W Forge had been around for more than a hundred years when SIFCO made it part of its family. SIFCO Chief Executive Officer Michael S. Lipscomb commented at the time that the acquisition would expand SIFCO’s business into the complementary power-generation market. As part of SIFCO, Lipscomb noted, TWF enabled SIFCO to move significantly beyond the aerospace market.
“TWF is the leading supplier of under-500-lb. forged components to the power-generation market,” said Lipscomb. “SIFCO’s acquisition of TWF is in the heart of our core business and continues the strategy of refocusing the company.”
“We wanted to leverage our forging core competencies while we broadened our markets,” agreed SIFCO Chief Operations Officer James P. Woidke.
COO Woidke also said that SIFCO had the same sensibilities about the human side of acquiring TWF as the company did when it purchased Quality Aluminum Forge (QAF) in California. “Just as SIFCO CEO Mike Lipscomb and QAF General Manager John Glover mentioned about the QAF acquisition, we have retained all the TWF employees in Alliance as well. SIFCO’s business model is to ‘hold and grow’ the companies we buy, and that means we retain all the employees,” said Woidke.
“The business model works for everyone, including our investors. What we’re really doing is strengthening the portfolio of our companies and positively leveraging our core competencies,” continued Woidke.
SIFCO is able to work with TWF in other ways, too. “TWF received an RFQ [request for quote] from General Electric for a turbine blade that was too large for TWF’s equipment,” recalled Woidke. “We were able to handle that with our 35,000-lb. hammer cell here in Cleveland at the SIFCO Forge plant.”
As SIFCO celebrates its centennial, the company’s acquisitions of TWF and QAF, and the addition of the 35,000-lb. forging hammer cell have ensured that SIFCO has never before been more diversified, nor has its future seemed brighter.