Dynacast Acquires Tek-Cast Inc.

Dynacast has signed an agreement to acquire Tek-Cast Inc./MH Machining Group in Bensenville, Ill. The acquisition and the addition of the Tek-Cast team further expands Dynacast’s multi-slide zinc, aluminum capacity and CNC machining depth in North America, company officials noted in a news release.

This acquisition gives Tek-Cast’s customers access to Dynacast’s experience, stemming from more than 80 years of pioneering the techniques and technologies that have redefined the die casting industry. The move will ensure every customer receives insight and expertise that adds value at every stage of the design and manufacturing process, Dynacast executives said.

“Dynacast has a rich history of continuously refining our proprietary manufacturing technologies, in-house tooling expertise, and innovative design processes,” said Simon Newman, chairman and CEO of Dynacast. “It means that today, we can manufacture highly complex metal components in a fast, repeatable, and precise manner. We look forward to bringing added insight and capabilities to Tek-Cast’s customers. Additionally, this acquisition is the first step of many more to come over the next year or two.”

Terms of the deal were not disclosed, though financing was provided through Partners Group, American Industrial Partners (AIP), and Kenner and Company Inc.

Dynacast is a global manufacturer of precision, engineered metal components. Utilizing proprietary die cast and metal injection molding technologies, the company offers solutions to various industries including automotive, consumer electronics, and healthcare. Dynacast operates 23 manufacturing facilities in 16 countries.

Partners Group is a global private markets investment management firm with more than 37 billion euros (more than $40 billion) in investment programs under management in private equity, private real estate, private infrastructure, and private debt. The firm manages a broad range of customized portfolios for an international clientele of institutional investors. Partners Group is headquartered in Zug, Switzerland, and has offices in San Francisco, Calif.; Houston, Texas; New York, N.Y.; Sao Paulo, Brazil; London, United Kingdom; Guernsey, United Kingdom; Paris, France; Luxembourg; Milan, Italy; Munich, Germany; Dubai, UAE; Mumbai, India; Singapore; Shanghai, China; Seoul, South Korea; Tokyo, Japan; and Sydney, Australia. The firm employs more than 700 people and is listed on the SIX Swiss Exchange with a major ownership by its partners and employees.

Based in New York, N.Y., Kenner & Company is a private equity firm founded in 1986 that specializes in acquiring middle-market industrial and manufacturing businesses.

American Industrial Partners (AIP) is an operationally oriented middle-market private equity firm that makes control investments in North American-based industrial businesses serving domestic and global markets. The firm has deep roots in the industrial economy and has been active in private equity investing since 1989. To date, AIP has completed more than 50 transactions and is currently managing more than $1.1 billion in equity capital. AIP invests in all forms of corporate divestitures, management buyouts, recapitalizations, and going-private transactions of established businesses with revenues of $100 million to $1 billion.