M&A Deal Summary

Charter Manufacturing Company Acquires Niles Iron

On July 30, 2024, Charter Manufacturing Company acquired metals/mining company Niles Iron

Acquisition Highlights
  • This is Charter Manufacturing Company’s 2nd transaction in the Metals/Mining sector.
  • This is Charter Manufacturing Company’s 3rd transaction in the United States.
  • This is Charter Manufacturing Company’s 1st transaction in Ohio.

M&A Deal Summary

Date 2024-07-30
Target Niles Iron
Sector Metals/Mining
Buyer(s) Charter Manufacturing Company
Deal Type Add-on Acquisition
Advisor(s) Brown Gibbons Lang (BGL) (Financial)

Target

Niles Iron

Niles, Ohio, United States
Niles Iron specializes in the recycling of ferrous and non-ferrous metals and wastepaper. Niles Iron was founded in 1917 and is based in Niles, Ohio.

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Buyer(S) 1

Buyer

Charter Manufacturing Company

Mequon, Wisconsin, United States

Category Company
Founded 1936
Sector Metals/Mining
DESCRIPTION

Charter Manufacturing Company, Inc. manufactures steel and steel components.


DEAL STATS #
Overall 3 of 3
Sector (Metals/Mining) 2 of 2
Type (Add-on Acquisition) 3 of 3
State (Ohio) 1 of 1
Country (United States) 3 of 3
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-30 Aarrowcast

Shawano, Wisconsin, United States

Aarrowcast is a provider of ductile, gray, and austempered ductile iron castings that specializes in large, complex castings utilizing sophisticated metallurgy. The Company’s products are sold to global original equipment manufacturers in the agriculture, off-highway heavy truck, military, and construction industries. Aarrowcast was formed in 1978 and is based in Shawano, Wisconsin.

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