When Altus Capital Partners acquired Wisconsin-based Winsert, a global supplier of mission-critical metal parts to OEMs and Tier 1 suppliers earlier this year, its stated objective was “to accelerate growth as well as create value added and capabilities that will benefit both current and new vendors. clients.”
This strategy became reality when Winsert announced its acquisition of Alloy Cast Products, Inc. (ACP), an investment casting and machining specialist headquartered in Kenilworth, NJ. No financial details were provided.
Winsert said ACP’s experience in producing exotic cobalt alloys, manufacturing methods and alloy portfolio are well known in the market and will enhance Winsert’s metal forming capabilities. In addition, the agreement will provide additional products and services to current and potential customers of both companies.
“I am confident that the Rexalloy product line and all other products will be in safe hands with Winsert’s increased production capacity and focus on high quality,” said Frank Panico, President of Alloyy. Cast Products. “Winsert provides extensive services that Alloy Cast Products alone could not provide. We entered into this acquisition with great confidence and pleasure, knowing that the business is in Winsert’s very capable hands.
Winsert’s extensive alloy portfolio consists of corrosion, wear and high temperature resistant alloys designed for various applications in internal combustion engines, power generation, emissions control, aerospace and industrial valves.
“We are excited to add ACP’s capabilities to the Winsert family,” said Mark Coduti, president of Winsert. “The combination of our advanced machining and broad alloy portfolio with their investment casting capabilities truly creates significant opportunities in all of the markets we serve. Winsert and ACP customers will benefit from this complementary acquisition.”