ROSEMONT- Wynnchurch Capital announced it has completed the acquisition of two closed-die forging facilities of Allegheny Technologies Incorporated.
Terms of the acquisition were not announced.
The operations are located in Portland, Indiana and Lebanon, Kentucky and were part of ATI's High Performance Materials & Components segment.
"The Portland and Lebanon operations are well positioned businesses that have provided customized products to their customers for decades. We look forward to partnering with management and the company's dedicated employees," said Greg Gleason, managing director at Wynnchurch,
Paul Ciolino, Operating Partner at Wynnchurch, added the facilities have "built a track record of delivering quality and reliable forging solutions to its blue-chip customer base.
"Through the partnership with Wynnchurch, we believe there is potential to leverage that reputation and unlock significant growth in the business," Ciolino added