WISCONSIN ALUMINUM FOUNDRY HAS ACQUIRED WABASH CASTINGS
Birmingham, Michigan – April 14, 2021 – Angle Advisors is pleased to announce that Wabash Castings, Inc. (“Wabash”) has been acquired by Wisconsin Aluminum Foundry (“WAFCO”). Angle Advisors acted as the exclusive investment banking advisor to Wabash in the transaction.
For over forty years, Wabash has offered uniquely comprehensive aluminum sand casting solutions from concept to completion. Wabash serves a wide variety of end markets specializing in complex aluminum castings that function to manage the flow of air and fluids. Representatives of Callidus Capital Corporation, sole lender and shareholder of Wabash, said “We are very pleased that we were able to find a true partner for the Wabash business that could maintain the operations and jobs in Wabash, Indiana. Angle Advisors’ deep knowledge of the industry and its participants worldwide allowed us to achieve a successful outcome despite challenging circumstances.”
Founded in 1909, WAFCO is a family-owned company serving multiple industries by providing high-quality aluminum and copper-based alloy castings. WAFCO offers its customers a one-stop solution with vertically integrated capabilities, including design and engineering, prototype samples, production tooling, and highly diversified production.
“We are excited to grow our operations and expand on the success of Wisconsin Aluminum Foundry,” said WAFCO CEO Sachin Shivaram. “Wabash Castings is renowned for their ability to produce high-volume, complex castings. Their facility forms a perfect complement to our existing breadth of production lines. This acquisition will accelerate our growth in the electric vehicle and consumer goods markets, among other exciting opportunities.”
Angle Advisors, with offices in the United States, Germany, and China, specializes in mergers and acquisitions and capital raising. The firm’s professionals have completed 232 transactions since 2009 for multinational corporations, privately-held companies, private equity funds, and public sector clients. For additional information, please visit www.angleadvisors.com.