The private equity firm TMB Industries has acquired Richland Center Foundry, a manufacturer of ductile and grey iron castings, from Schneider Fuel and Supply Co.
Effective with the acquisition, John Gerszewski, formerly GM of Richland, will become president of RCF and Mark Clark will continue as CFO of RCF.
Thomas Begel, chairman of TMB Industries said, "We are excited to acquire Richland Center Foundry, a company with an outstanding reputation for product quality, an excellent customer base and a unique set of manufacturing capabilities. TMB looks forward to providing the investment capital and other resources necessary to build upon these strengths and support the needs of RCF’s customers."