December 1, 2022

DANBURY, Conn.—A portfolio of manufacturing businesses headquartered in Connecticut that provides mission critical components for aerospace, defense, and medical markets is changing its name.

AlphaCoin will now be named Alpha Metalcraft Group, or AMG. The company’s three manufacturing sites—Connecticut Coining, Gasser, and GAR Electroforming—will retain their legal names, but their customer facing names will be identified as Alpha Metalcraft Group, the company said in a release.

The company said it is changing the name to better identify its core competencies.

“Metalcraft is a more appropriate description of the portfolio’s capabilities,’’ said AMG Vice President, Business Development John Boscia, in a statement. “We want our portfolio of businesses to be recognized as market-leading manufacturers of products and services via unique metal forming processes.”

Based in Danbury, AMG provides high precision capabilities and sophisticated operations to leading original equipment manufacturers and Tier 1 suppliers serving high growth and technology driven end markets, such as the aerospace, defense, and medical industries. The company said its core capabilities, such as deep drawing and electroforming, enable it to provide customers with reliable, high-quality, and high precision components while ensuring customers can achieve critical timelines.

Alpha Metalcraft Group initiated the name change to dissociate from cryptocurrency and to reduce confusion with potential customers and acquisitions.

“We had the affiliation to Alpha in our previous name, and Metalcraft generically yet more appropriately describes what our manufacturing sites do,’’ said AMG CEO Alec Searle, in the release.

GAR Electroforming is based in Danbury; Connecticut Coining, in Bethel, Connecticut; and Gasser, in Commack, New York.

“While the sites will continue to operate autonomously and retain their legal names, individuality, and heritage, the idea behind all sites utilizing the Alpha Metalcraft name is to promote and leverage synergies, teamwork, and a one-company image,” Boscia said.

No additional changes are planned for the company, but it said it is actively seeking a new acquisition

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