The transaction is expected to close in mid-2018, subject to the approval of Fairmount shareholders, the receipt of regulatory approvals and the satisfaction of other customary closing conditions.

ACP was presented the award on Oct. 30, and there was an onsite presentation from the state’s department of labor and industry on Nov. 15.

The company invested $110 million initially into the project and that could grow to almost $200 million with an expected expansion. The project could eventually add more than 300 jobs to the area.

The initiative drew more than $1,300 in donations and collected 350 items. Boose Foundry will donate an additional $250 that will help feed 75 local families.

According to a news release, the company has laid the groundwork for employee ownership with an employee stock ownership program. By doing that, the company will assure the ownership is remaining local.

BENTELER Automotive Farsund’s casting business consists of a highly automated aluminum foundry in Farsund, Norway, designing and producing lightweight aluminum structural castings.

The funds will help Dynacast fill 10 jobs within the next two years.

AB&I Foundry is a U.S. manufacturer of cast iron soil pipe and fittings for storm and sanitary plumbing systems.

The value of the contract amounts to a total of around $300 million over five years.

VanKirk, who was the CEO of Progressive Foundry, was a prominent member of his community.