TMB Industries, a Chicago-based private equity firm, has acquired Stainless Foundry & Engineering Inc., a Milwaukee-based provider of steel, low-alloy, stainless steel and other high-alloy composition castings. The foundry was founded in 1946.
Stainless Foundry is involved in the production of low- to medium-volume, highly engineered, complex castings. Stainless Foundry offers its customers finished castings from more than 250 alloys.
Thomas Begel, chairman of TMB, said, "The acquisition of Stainless Foundry & Engineering is TMB's second recent acquisition of a foundry business focused in a premium niche. TMB looks forward to providing Stainless with the resources necessary to enhance the business and support its continued growth."
Latest from Recycling Today
- BMW Group, Encory launch 'direct recycling’ of batteries
- Loom Carbon, RTI International partner to scale textile recycling technology
- Goodwill Industries of West Michigan, American Glass Mosaics partner to divert glass from landfill
- CARI forms federal advocacy partnership
- Monthly packaging papers shipments down in November
- STEEL Act aims to enhance trade enforcement to prevent dumping of steel in the US
- San Francisco schools introduce compostable lunch trays
- Aduro graduates from Shell GameChanger program
