AMCAST <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.