Amcast Industrial Corp said itcompleted the sale of its Newman Division to Newman
Manufacturing Inc, a new company formed by Newman's employees.
    The sale price was not disclosed.
    Amcast said Newman's Kendallville, Indiana plant is one of
the country's largest producers of gray iron castings for the
automotive and commercial air conditioning and refrigeration
industries. It said the plant employs 300 people.
    Amcast said it decided to sell the division to move out of
the gray iron castings business.
 Reuter
