M&A Deal Summary

Metal Technologies Acquires Key 3 Casting

On December 20, 2013, Metal Technologies acquired metals/mining company Key 3 Casting

Acquisition Highlights
  • This is Metal Technologies’ 1st transaction in the Metals/Mining sector.
  • This is Metal Technologies’ 1st transaction in the United States.
  • This is Metal Technologies’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2013-12-20
Target Key 3 Casting
Sector Metals/Mining
Buyer(s) Metal Technologies
Deal Type Add-on Acquisition
Advisor(s) Angle Advisors LLC
Lincoln International (Financial)
Vinson & Elkins (Legal)

Target

Key 3 Casting

New Hope, Minnesota, United States
website
Key 3 Casting, LLC, which owns and operates two aluminum die and squeeze casting facilities as well as a ductile iron foundry.

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Buyer(S) 1

Buyer

Metal Technologies

Auburn, Indiana, United States

website

Category Company
Founded 1997
Sector Metals/Mining
Employees1,000
DESCRIPTION

Metal Technologies, Inc. is headquartered in Auburn, Indiana and also operates iron foundries in Auburn, Indiana and in Three Rivers and Ravenna, Michigan. With this acquisition, MTI has estimated annual sales in excess of $440 million and employs over 1,000 people. It provides metal castings throughout North America in the transportation, construction, compressor, small gasoline engine and other markets.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
Mergr

Product

Company

Legal