Released on July 20, 2011

A group of investors have announced they have completed the acquisition of Dynacast, Charlotte, N.C., from Melrose PLC, a transaction first announced in early June.

The company, which will now operate as Dynacast International Inc., was acquired by affiliates of investment firm Kenner & Company Inc., New York, Izurium Capital Management and a number of other institutional investors. Financing for the transaction was provided by JP Morgan, Macquarie Capital, GE Capital and Bank of Montreal.

"On behalf of the executive team and the 3,000 employees of Dynacast worldwide, we are delighted at the prospect of working with Kenner & Company and the other investors," said Simon Newman, the firm’s chief executive officer. "We believe that we have significant growth opportunities ahead of us, and we are excited and confident that we will execute these opportunities over the next few years."

Dynacast is a manufacturer of small engineered diecast components serving customers in automotive safety and electronics, consumer electronics, healthcare, hardware, computers and peripherals and other industries. The company operates 20 manufacturing facilities in 16 countries around the world.