Charter Manufacturing announced that it has acquired Aarrowcast, Inc., a Shawano, WI-based privately-held company that is a manufacturer of high-quality gray and ductile iron castings.
"As a growth company, we continually evaluate opportunities to enhance our business," said John W. Mellowes, CEO of Charter Manufacturing. "This acquisition expands our metals manufacturing offerings and will increase diversification of both our customer base and end markets."
Aarrowcast is a green sand foundry, offering a broad range of complex iron casting solutions to leading OEMs and Tier 1 supplier customers across a broad set of industries, including agricultural equipment, compressors/hydraulics, defense contractors, construction and mining, heavy-duty off-road vehicles and more. The company produces an estimated 85 million pounds of castings annually to more than 100 customers.
"Becoming part of Charter Manufacturing is a good strategic and cultural fit for Aarrowcast," said Randy Brull, President and CEO of Aarrowcast. "Both companies are passionate about metals manufacturing and are committed to customer service, product innovation and growth."
Aarrowcast will operate as Charter Aarrowcast, joining Charter's existing family of metals manufacturing businesses that include Charter Automotive, Charter Dura-Bar, Charter Steel and Charter Wire. Mellowes said Brull will continue to lead the Aarrowcast business and report to Bob Venable, President and Chief Operating Officer of Charter Manufacturing.
"We are committed to a long-term investment in Aarrowcast's capacity and capabilities, and driving positive outcomes for its employees, customers and the greater Shawano community," said Mellowes.
For more information contact:
Charter Manufacturing Company, Inc.
12121 Corporate Pkwy.
Mequon, WI 53092
262-243-4700
www.chartermfg.com
Charter Aarrowcast
2900 E Richmond Street
Shawano, WI 54166
715-526-3600
www.charteraarrowcast.com