AMCAST &lt;ACST> COMPLETES SALE OF NEWMAN DIVISION

  Amcast Industrial Corp said it
  completed 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.
  

