| 2007 |
Citation recapitalizes the company as part of
an aggressive strategy to refocus operations, and delever its balance sheet to continue
growing the business. Standard & Poor’s (S&P) upgrades Citation’s credit rating to
B+/Stable. |
| |
| 2005 |
Citation successfully emerges from Chapter 11
reorganization a stronger, more financially stable company competitive in the markets it
serves. |
| |
| 2004 |
Citation files for Chapter 11 reorganization
to strengthen the company financially, and combat a sluggish economy and unprecedented
increases in material costs. |
| |
| 2001 |
Citation
purchases ITM Corporation,
Grand Rapids, Michigan. |
| |
| 1999 |
Kelso
& Company buys all of
Citation's outstanding shares
and returns Citation to a
privately held company after
five years of public ownership. |
| |
| 1998 |
Citation
acquires CT-South, Marion,
Alabama, a thin-wall ductile
iron casting business, and
renames it Citation Marion. |
| |
| 1998 |
Citation
buys Custom Products, a large
machining operation with facilities
in Menomonee Falls and Oconomowoc,
Wisconsin. |
| |
| 1998 |
Citation
buys aerospace parts manufacturer
AmCast Precision, Rancho Cucamonga,
California and renames it
Citation Precision. |
| |
| 1998 |
Citation
purchases DyCast, Inc.,
Lake Zurich, Illinois,
entering its first venture
in aluminum die casting.
|
| |
| 1997 |
The
company buys Camden Casting
Company, Camden, Tennessee. |
| |
| 1996 |
Citation
announces agreement for the
acquisition of Interstate
Forging Industries, Inc.,
Milwaukee, Wisconsin and Navasota,
Texas. |
| |
| 1996 |
Citation
buys Bohn Aluminum, Butler,
Indiana, making the company
one of the nation's top ten
aluminum castings producers. |
| |
| 1996 |
Citation
purchases Southern Aluminum
Casting Company, Bay Minette,
Alabama. |
| |
| 1996 |
Hi-Tech
Corporation, Albion, Indiana,
is bought. The facility is
subsequently renamed Citation
ITM - Albion. |
| |
| 1995 |
Citation
buys Castwell Products
Corporation, Skokie, Illinois.
|
| |
| 1995 |
Citation
buys Berlin Foundry Corporation,
Berlin, Wisconsin. The facility
is subsequently renamed Citation
Wisconsin Castings - Berlin. |
| |
| 1995 |
Citation
buys Iroquois Foundry Corporation,
Browntown, Wisconsin. The
facility is subsequently renamed
Citation Wisconsin Castings
- Browntown. |
| |
| 1994 |
Citation
initiates the largest capital
expansion to date in the company's
history. |
| |
| 1994 |
Citation
Corporation becomes a C Corporation
and holds an IPO for approximately
4.3 million shares. |
| |
| 1991 |
Citation
Carolina Corporation becomes
Citation Corporation. |
| |
| 1990 |
Citation
Carolina Corporation establishes
Citation Foam Casting Company,
a separate division dedicated
to lost foam production in
Columbiana, Alabama. |
| |
| 1990 |
Company
exceeds $100 million in sales
for first time in company
history. |
| |
| 1989 |
Texas
Foundries Company, Lufkin,
Texas, is acquired.
|
| |
| 1989 |
Citation
Carolina Corporation undertakes
a $10 million modernization
program at Alabama Ductile. |
| |
| 1987 |
ADICO,
a ductile iron foundry in
Brewton, Alabama is bought
and renamed Alabama Ductile
Casting. |
| |
| 1984 |
Simsco,
Inc., headquartered in Columbiana,
Alabama is purchased. Acquisition
includes three foundries in
Columbiana, Centreville, and
Selma, Alabama. |
| |
| 1982 |
Southern
Ductile forms a holding company,
Citation Carolina Corporation. |
| |
| 1982 |
Southern
Ductile purchases Dixie Type
and Supply Company Inc., Birmingham,
Alabama. The purchase marks
the company's first non-foundry
investment. |
| |
| 1980 |
Southern
Ductile buys Foundry Service
Company, Biscoe, North Carolina. |
| |
| 1978 |
Jones
Foundry Company is renamed
as Southern Ductile Casting
Corporation. |
| |
| 1975 |
T.
Morris Hackney begins operating
Jones Foundry Company. |
| |
| 1974 |
T.
Morris Hackney purchases
Jones Foundry Company,
Bessemer, Alabama.
|
