Ford to Acquire Engineering Company with Aluminum Stamping Expertise
20 January 1999
Ford to Acquire Engineering Company with Aluminum Stamping ExpertiseDETROIT, Jan. 19 -- Stressing its commitment to environmental technology leadership, Ford Motor Company plans to acquire an engineering company with unique experience in aluminum stamping. Ford has signed a letter of intent to acquire 100 percent ownership of Troy Design and Manufacturing (TDM), based in Redford, Mich. TDM has extensive experience designing dies and other manufacturing tooling, and has particular expertise, developed over twenty years of cooperation with Ford Motor Company, in designing dies to stamp aluminum. "We are committed to developing and selling high-volume, no-compromise products that meet the needs of our customers while being responsive to societal needs," said Neil Ressler, vice president - Research and Vehicle Technology, and the company's chief technical officer. "High volume application of lightweight materials, including aluminum, is a key to increasing fuel economy and decreasing emissions to address global environmental concerns." TDM will remain independent in order to maintain the entrepreneurial spirit and culture that has made it the leader in draw die development, Ressler said. In addition to its unique experience working with aluminum, TDM has expertise in draw development, soft tooling and die design. The closer cooperation within Ford's product development activity between sheet metal design and die development will help Ford further streamline and shorten product development time, especially when working with non-traditional components. TDM has two facilities, in Redford and Warren, Mich., and has about 340 employees. Technical and manufacturing challenges have limited aluminum application to single components or low-volume aluminum intensive vehicles. Ford long has been the leader among major automakers in the use of aluminum in high-volume production vehicles. Ressler said Ford will continue to increase the aluminum content of its cars and trucks. Currently, Ford Expedition is the company's most aluminum- intensive vehicle, with 335 pounds of the lightweight metal. Other high- volume Ford products built with an extensive use of aluminum include Taurus with 270 pounds and the F-Series pickup truck with an average of 258 pounds. The new Lincoln LS, to be introduced this spring, will contain 415 pounds of aluminum.