The story
Origins
Haley Industries (originally known as Light Alloys Limited) was founded in 1952 in Haley Station, Ontario (approximately 100 km west of Canada's capital city Ottawa). It was set up with the support of the Canadian government in order to contribute to the development of Canada's fledgling aerospace industry. The site chosen was close to the Dominion Magnesium smelter, a producer of magnesium metal using the Pidgeon process which was pioneered there.
Subsequent history
The 10 years following the cancellation of the Arrow were difficult, and the company had to diversify into the commercial market. It was privatized in 1967, and in 1981, it was listed on the Toronto Stock Exchange. In 1984 it purchased the Presto Casting Company of Phoenix, Arizona. Haley and Presto are now owned by the Magellan Aerospace Corporation, and continues to make lightweight castings for air, space and specialized engineering applications. As of 2007, the company employed 391 full and part-time employees and is still located in Haley Station.
In 2004, the company was named as one of Ontario's three worst water polluters by the Sierra Legal Defence Fund. Their report was based on violations occurring in 2001, when Haley recorded 82 water pollution violations.
From Wikipedia’s article on Haley Industries, shared under CC BY-SA 4.0.3