Dynacast Die Casting Company Acquisition

Dynacast Die Casting Company Acquisition – Charlotte, NC – July 19, 2011 – Dynacast International Inc. (Dynacast) announced the completion of the acquisition of the Dynacast business from Melrose PLC. The company’s acquirers are affiliates of Kenner & Company, Inc., a New York-based investment firm, together with Izurium Capital Management and a number of other institutional investors.

The completion of this acquisition puts Dynacast in a strong position for growth, backed by significant investor support and ample capital. Dynacast will continue to operate as an independent company led by its existing management team.

“On behalf of the executive team and the 3,000 employees of Dynacast worldwide, we are delighted at the prospect of working with Kenner & Company and the other investors,” said Simon J. Newman, CEO. “We believe that we have significant growth opportunities ahead of us and we are excited and confident that we will execute these opportunities over the next few years.”

Jeffrey L. Kenner, President of Kenner & Company, Inc. said he was pleased to complete the transaction and praised management for their enthusiastic support and business discipline. “We look forward to working together with Dynacast management to accomplish their growth objectives,” said Kenner.

Financing for the transaction was provided by JP Morgan, Macquarie Capital, GE Capital, and Bank of Montreal.

To get a price for aluminum die casting parts or die casting tooling, call toll free 800-524-8083 and ask for sales. Or email us at sales@kineticdc.com for a fast response on a price quote.

Kinetic Die Casting Company

Kinetic Die Casting is located in North Hollywood,California. KDC specializes in manufacturing zinc and aluminum alloy casting parts. If you would like a quote, please visit our website:Kinetic Die Casting Company

This entry was posted in Die Casting Company and tagged , , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.