Dynacast acquires Tek-Cast Inc
Dynacast, the global manufacturer of precision die cast and Metal Injection Moulded components headquartered in Charlotte, North Carolina, USA, has signed an agreement to acquire Tek-Cast Inc./MH Machining Group in Bensenville, Illinois, USA. The acquisition will further expand Dynacast’s multi-slide zinc, aluminium capacity and CNC machining depth in North America.
“Dynacast has a rich history of continuously refining our proprietary manufacturing technologies, in-house tooling expertise, and innovative design processes. It means that today, we can manufacture highly complex metal components in a fast, repeatable, and precise manner. We look forward to bringing added insight and capabilities to Tek-Cast’s customers,” stated Simon Newman, Chairman and Chief Executive Officer of Dynacast. “Additionally, this acquisition is the first step of many more to come over the next year or two.”
With the support and investment from Partners Group, American Industrial Partners (AIP), Kenner and Company, and management, Dynacast added that it has the strategic insight and capital backing to achieve its global vision of growing to a $1.5 to $2 billion organisation over the next three to five years.
