TMB Industries, a Chicago-based private equity firm, has acquired Stainless Foundry & Engineering Inc., a Milwaukee-based provider of steel, low-alloy, stainless steel and other high-alloy composition castings. The foundry was founded in 1946.
Stainless Foundry is involved in the production of low- to medium-volume, highly engineered, complex castings. Stainless Foundry offers its customers finished castings from more than 250 alloys.
Thomas Begel, chairman of TMB, said, "The acquisition of Stainless Foundry & Engineering is TMB's second recent acquisition of a foundry business focused in a premium niche. TMB looks forward to providing Stainless with the resources necessary to enhance the business and support its continued growth."
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