Lincoln International Represents Atlas Castings and Technology in Sale to AmeriCast Technologies, Inc.
CHICAGO, April 17, 2007 - Lincoln International announced today it represented Atlas Castings and Technology ("Atlas"), a leading manufacturer of large, complex, highly-engineered steel castings, in its sale to AmeriCast Technologies, Inc. ("AmeriCast"), a portfolio company of Castle Harlan, Inc., a New York-based private equity firm. The transaction represents an important strategic acquisition for AmeriCast and Castle Harlan, giving the combined company a strong balance of customers and industries.
The Lincoln International transaction team worked closely with the Atlas shareholders during every step of the sale process, from initially identifying potential acquirers to ultimately negotiating the final terms of the transaction.
"Lincoln proved to be an invaluable resource for us during the entire transaction," said Duane Britschgi, President and CEO of Atlas. "Their integrity, knowledge of the market and expert advice resulted in an outstanding outcome for the Company and its shareholders. We look forward to working with them again in the future."
The Atlas transaction represents Lincoln International's seventh successful transaction in the castings industry. Lincoln's extensive experience in the industry includes M&A advisory work with Beloit Corporation's Castings Division, Amcast Industrial Corp., AmeriCast Technologies (formerly Atchison Casting), Consolidated Precision Products (formerly Consolidated Foundries, Inc.), Teledyne Technologies' Cast Parts Division and Precision Castparts Corporation.
About Atlas Castings and Technology
Atlas Castings and Technology is a leader in the manufacturing of medium to large, highly-engineered steel and specialty alloy steel castings for blue-chip customers around the world in the oil and gas, power generation (nuclear and fossil fuel) and U.S. Navy markets. Atlas is also a provider of value-added services, including machining, fabrication and assembly of its castings; as well as international sourcing, pattern storage, engineering and design and non-destructive testing services. Based in Tacoma, Washington with additional facilities in Chehalis, Washington and Beijing, China, Atlas has operated continuously since 1899.
About AmeriCast Technologies
AmeriCast Technologies, Inc. is a world leader in the design, manufacture and supply of highly engineered steel and iron sand castings, machined components and assemblies. AmeriCast casts large and difficult-to-manufacture parts and is a critical supplier to Fortune 50 manufacturers in the locomotive, mass transit, mining, construction and heavy- duty truck industries. AmeriCast operates a total of six business units throughout North America.
About Castle Harlan
Castle Harlan invests in controlling interests in the buyout and development of middle-market companies in North America and Europe. Its team of 20 investment professionals has completed 48 acquisitions since its inception in 1987 with a total value of $9 billion. Castle Harlan's current portfolio companies include Ames True Temper, a leading manufacturer of lawn and garden tools and accessories; RathGibson, a leader in the manufacture of stainless steel and high alloy precision-welded tubing, and Perkins & Marie Callender's, Inc., which operates and franchises 618 family restaurants in the United States and Canada.
About Lincoln International
Lincoln International specializes in merger and acquisition services and private capital raising for leading organizations involved in mid-market transactions. With offices in Chicago, Frankfurt, Los Angeles, New York, and Paris, and strategic partnerships with China Everbright and other partner firms in Asia, Lincoln International has strong local knowledge and contacts in the key global economies. The organization provides clients with senior-level attention, in-depth industry expertise, and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest.
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