Operating business24% entry signalMarket screen5 sourced figuresStructure decidesgrowth quality

Jobbing Foundry

SoftwareTypically runs on Process and plant-control systems. · no software market screened here yet — the industry page
Prepared 2026-09-18

The industry — Foundries

Base industry report for 3315 →
Establishments · CanadaA
159
with employees
Under 10 employeesA
31%
most common size: 20–49
Establishments · USA
1,367
Employment · USA
106,392
78 per establishment
Payroll · USA
$6.9B
$64k per employee

Of 159 Canadian establishments with employees, 31% have fewer than ten — an industry where large establishments carry real weight.

Entry signal — what decides who wins here

Structure decides
Structure decides One thing must be true Execution decides

The binding constraint is not executional. Being better than the incumbent does not, by itself, get you in — this one is cleared with capital, an asset, or a permission.

What you would have to beat

Take share rather than ride the market. Demand is flat, seasonal or policy-driven, so growth has to come out of a competitor. That is possible and it is slower, and it rewards an operator who can wait.

How it was read
Binding constraintUNVERIFIEDgrowth quality — Market shape — being better does not, by itself, clear it.
How fragmented the field isA31% of establishments have fewer than ten employees — Concentrated — a new entrant competes against establishments with real scale.
What it costs to be in the businessUNVERIFIEDhigh capital — The structural profile of subsector 331, inherited by every industry beneath it.
How many new establishments are still tradingA
Manufacturing, US · opened 2020
86.2%
1 year
70.8%
3 years
58.4%
5 years
45.3%
10 years
opened 2015

Measured, not forecast: the share of US establishments opening in one year that were still active later. It counts good operators and bad ones together, which is exactly why it is the honest answer to “what are the odds”. It is for the whole sector rather than this market, and the ten-year figure comes from an older cohort because no younger one has reached ten years.

This is not a probability of success, and it is not a verdict on you. No survival probability is published per market, and inventing one would be worse than saying so. What the bar reads is how much of the outcome sits inside an operator's control: green means the hurdles are ones a better operator clears, red means the binding constraint is capital, an asset or a permission rather than execution. Someone arriving with an advantage this screen did not assume can win a market shown in red.

Companies named in this market · 5

The binding constraint — growth quality

The pre-screen cut foundries on capital. Tested, that is not quite the reason. A jobbing foundry — melt, mould, pour, clean, ship castings to someone else's drawing — is a mid-sized plant, not a mega-project: 81 of Canada's 159 foundries, 51%, employ between twenty and 199 people, and the US average is about 78 per establishment [A]. Plants of that size change hands, and an entrant would buy one and not build one, since a new melt shop would also need a new air permit. The capital is reachable. The cut is what is being bought. The American Foundry Society counts 1,750 metalcasting facilities in the United States, against 3,200 in 1991 and 6,150 in 1955, and says 75% of firms have fewer than a hundred employees [B]. That is a population that has lost 45% of its members in a generation. Some of that will be consolidation into larger plants, which a plant count cannot distinguish from closure — but for a small jobbing shop the direction is the fact that matters: each year there are fewer of you, and the ones that left did not leave because they were bought at a premium. Castings are specified by drawing and alloy, so a buyer can move a pattern to another foundry, in Ontario or in Asia, and the foundry's remaining edge is lead time and proximity on short runs. The screen did not find evidence on the two things that would overturn this: whether surviving Canadian foundries are earning more as competitors close, and whether reshoring and tariffs have turned the order book. The nearest listed comparable points the same way: Ampco-Pittsburgh's forged-and-cast segment turned $292.6M of 2025 sales into a $44.7M operating loss, and its UK roll foundry went into insolvency in October 2025 rather than finding a buyer [A]. That is a roll maker, not a jobbing shop, and no jobbing shop reports. A full study would start there, with a specific plant's customer list.

Market scaleinternational

A casting is made to a drawing and an alloy specification and ships on a pallet or in a container, so a buyer can place the pattern with a foundry anywhere. Short-run and heavy work stays close to the customer; volume work is quoted against offshore foundries. The competitive set is continental for a jobbing shop and global above a modest run length.

Canadian establishments with employeesA 159 (Statistics Canada, December 2023) — 81, or 51%, have 20 to 199 employees; 50 have fewer than ten; Ontario 70, Quebec 50
US establishments, NAICS 3315A 1,367 establishments, 106,392 employees, $6.86B payroll (US County Business Patterns, 2022) — about 78 employees per establishment
Ampco-Pittsburgh Forged and Cast Engineered Products segment, FY2025A net sales $292.6M, 67% of the corporation's $434.2M; loss from operations $44.7M, including a $41.4M deconsolidation charge and $10.8M of exit charges, against income of $10.5M on $286.6M in 2024
Ampco-Pittsburgh FCEP backlog and the UES-UK insolvencyA segment backlog $208.6M at 31 December 2025 against $250.5M a year earlier; Union Electric Steel UK entered a structured insolvency and was deconsolidated after 13 October 2025
US metalcasting facilities over time (American Foundry Society)B 1,750 now; 3,200 in 1991; 6,150 in 1955
Share of US metalcasting firms that are small (American Foundry Society)B 75% have fewer than 100 employees
US metalcasting industry size (American Foundry Society)C described by the association as a $52 billion industry directly providing more than 160,000 jobs — an advocacy figure with no stated year
I

Who you would be competing with

The operators already at scale here, and whoever is buying these businesses. In most of these industries the competition an entrant meets is local, so this is who sets the terms rather than a list of everyone in the trade.

Largest operator
The independent single-plant majority — no firm leads this trade. The American Foundry Society counts 1,750 US metalcasting facilities and says 75% of firms have fewer than a hundred employees; Canada has 159 establishments, 81 of them between twenty and 199 people.
Scale
Ampco-Pittsburgh is the nearest listed comparable and is not a jobbing foundry: its Forged and Cast Engineered Products segment took $292.6M of 2025 net sales — 67% of the corporation's $434.2M — and turned it into a $44.7M loss from operations, against $10.5M of income on $286.6M in 2024. Segment backlog fell 17% to $208.6M.
Concentration
None published, and none plausible. Two counts of the same US population disagree — 1,750 facilities (American Foundry Society) against 1,367 establishments (County Business Patterns, 2022) — and neither source reconciles them.
Others in the field
At the engineered end, Ampco-Pittsburgh's Union Electric Steel. Below it, the large US private casting groups — Grede, Amsted, Waupaca — named from general knowledge and not sourced here. Across the ocean, any foundry that can quote the same drawing: a pattern moves, which is the whole competitive problem. In Canada, 159 mostly owner-run plants.
Lock-in mechanism
Not assessed — screened before diligence. Castings are specified by drawing and alloy, so the switching cost is the pattern and the first-article approval, not the relationship.
Price movement
Not sourced. No casting price series was opened, and no Canadian association series was found.
Is the buyer consolidating?
No — No buyer was identified — which is the finding. This population is shrinking rather than being rolled up: 1,750 US facilities against 3,200 in 1991 and 6,150 in 1955. When the one listed comparable's UK roll foundry ran out of road in October 2025, it went into a structured insolvency and was deconsolidated at a $41.4M charge, rather than being sold.
F

Financials & market size — sourced

Figures that came from a filing, a results release or reputable reporting, each carrying its evidence tier.

Ampco-Pittsburgh Forged and Cast Engineered Products segment, FY2025A net sales $292.6M (67% of the corporation's $434.2M); loss from operations $44.7M, including a $41.4M deconsolidation charge and $10.8M of exit charges — against income of $10.5M on $286.6M in 2024
Ampco-Pittsburgh FCEP order backlogA $208.6M at 31 December 2025 against $250.5M a year earlier — down 17%
Union Electric Steel UK structured insolvencyA administrators appointed October 2025; results consolidated only through 13 October 2025, and the UK roll business wound down rather than sold
US metalcasting facilities over time (American Foundry Society)B 1,750 now; 3,200 in 1991; 6,150 in 1955, with 75% of firms under a hundred employees
Canadian establishments with employeesA 159 (Statistics Canada, December 2023) — 81, or 51%, have 20 to 199 employees
$

Market size, derived

Built from the competitor set upward rather than quoted from a forecast. Published TAMs in these categories are frequently reverse-engineered from each other, so any published figure is checked against the vendor arithmetic rather than trusted on its own.

Revenue floor
$434M

Disclosed revenue from 1 of 4 named vendors. The market is at least this large.

Implied total — revenue ÷ share
—

No vendor has both a disclosed revenue and a published share.

Published forecast
—Floor only

Only a revenue floor is known — the true market is larger by whatever the undisclosed vendors earn.

Competitor set · 4 named · 1 disclose revenue

NameRevenueShareNote
Ampco-Pittsburgh CorporationNYSE: APA $434M — FY2025 consolidated net sales; the Forged and Cast Engineered Products segment was $292.6M of it
Grede / Amsted Industries / Waupaca FoundryUNVERIFIED not disclosed — The large US private casting groups, named from general industry knowledge. No filing or disclosure was opened, no ownership was checked, and none is known to buy Canadian plants
Offshore foundries quoting the same patternUNVERIFIED not disclosed — Not quantified. No import series for castings was opened for this record; the mechanism — a pattern can be moved — is general industry knowledge
The independent single-plant majorityA not disclosed — 159 Canadian establishments (Statistics Canada, December 2023) and 1,750 US metalcasting facilities (American Foundry Society); 75% of US firms have fewer than a hundred employees. This is the competitive structure

Evidence

Evidence. Establishment counts are Statistics Canada (December 2023) and US County Business Patterns (2022) [A]. The facility counts and the small-business share were read on the American Foundry Society's own About Metalcasting page, and the industry-size claim on its Industry Statistics page; an association's self-description is tiered B for the counts and C for the dollar figure, which carries no year or method. AFS's 1,750 facilities and the Census count of 1,367 establishments are not the same population, and neither source explains the gap; no reconciliation was found, so the two counts are shown side by side rather than explained. The Ampco-Pittsburgh figures — segment net sales, the loss from operations, the components of that loss, the backlog and the UES-UK insolvency — were read in the corporation's own 10-K for 2025, filed 16 March 2026 [A]. What that anchor is and is not: Ampco's Forged and Cast Engineered Products segment makes forged and cast mill rolls and open-die forgings, not jobbing castings to a customer's drawing, so it sizes the engineered end of the trade and not the shop this record is about. No listed pure-play jobbing foundry was found, no acquisition price for one was found, and no Canadian association series was opened. A falling plant count is not the same as falling output or falling returns, and the record says so in the reason. The cut factor is analyst judgment, resting on a plant count and on one comparable at the wrong end of the trade. In the competitive field added in a later pass, the large private US casting groups and the offshore competition are named from general knowledge and tiered UNVERIFIED; none was researched, and no Canadian buyer of foundries was identified at all.

#

Where the industry talks

The associations, forums and events where people in this trade actually talk shop — where to listen before entering, and where the first customers are found. Each link was opened on the date shown.

AssociationCanadaA
Canadian Foundry Association
foundryassociation.ca

The national body for Canadian metalcasters; site carries membership, board and member-program pages.

Checked 2026-09-22
AssociationNorth AmericaC
American Foundry Society (AFS)
afsinc.org

Blocked automated access (Cloudflare 403). The main North American metalcasting body, cited in this record's own figures.

Checked 2026-09-22
AssociationUSA
Steel Founders' Society of America (SFSA)
sfsa.org

Technical association for steel castings producers.

Checked 2026-09-22
AssociationNorth AmericaA
Non-Ferrous Founders' Society (NFFS)
nffs.org

Describes itself as the North American trade association for non-ferrous metal casting.

Checked 2026-09-22
PublicationNorth AmericaA
Foundry Management & Technology
foundrymag.com

Trade publication covering metallurgy, moulding, melt and plant operations.

Checked 2026-09-22
SubredditInternationalA
r/Foundry
reddit.com

RSS feed returned a post dated 2026-09-23. Mixes hobby casting with trade questions, so read it as a shop-floor forum rather than an industry body.

Checked 2026-09-22

Modern Casting (moderncasting.com, AFS's magazine) and castexpo.com both failed to open from this network - Modern Casting with a Cloudflare 403, CastExpo with no response - so neither is listed. The Ductile Iron Society (ductile.org) is live and is a further option.