The transaction is said to enable ADC to enhance the quality and scope of products available to its customers, and further extend its reach into targeted markets.
BUENA PARK, Calif.—Die caster and turnkey manufacturer ADC Aerospace recently acquired Cast-Rite Corporation (CRC), a prominent provider of advanced die casting and fabrication services, ADC said in a release.
According to the release, the acquisition “builds on ADC’s commitment to enhancing the quality and scope of products available to its customers.” It is also expected to enable the company to “strategically increase its penetration into targeted markets.”
ADC Aerospace manufactures complex, highly-engineered die-cast parts used in critical applications in the aerospace, defense, medical, automotive, and specialty industrial markets.
“We are excited about the opportunity to combine Cast-Rite’s business with our existing capable and scalable platform, ADC Aerospace,” said John Schaefer, chief executive officer of ADC, in a statement. “While the manufacturing capabilities between our businesses are very similar, this acquisition provides a unique strategic opportunity and substantial acceleration of our growth plans.
“Over the next four months, we plan to transition the Cast-Rite business into our ADC Buena Park facilities and have an experienced project team in place to accomplish this goal,” he said.
David Ferguson, managing partner of GreyLion, said the transaction will enable ADC Aerospace to “enhance the depth and breadth of the solutions it provides its customers and will further position ADC for continued success over the long-term.”
In addition to precision, high-pressure die casting, ADC Aerospace provides value-added processes such as machining, coatings, and mechanical assembly. Its turnkey approach and capability has enabled ADC to establish long-term partnerships with customers such as Raytheon Technologies, Honeywell, Safran, TransDigm Group, Heico, L3Harris, and Parker-Meggitt, the company said.