Released on July 15

Signicast Corp., Hartford, Wis., announced today that it has been acquired by The Priztker Group, a Chicago- and L.A.-based investment firm that partners with management teams in leveraged buyouts and acquisitions of middle-market companies across a broad range of manufacturing, distribution and service industry sectors.

The existing management at Signicast will remain in place.

"We, along with The Pritzker Group, are committed for the long term," said Terry Lutz, president of Signicast, in a news release. "We will continue to invest in technology that we have become known for. Now that our succession plan is in place and any uncertainty removed, we are even more excited about our future, as it will certainly benefit our customers for many more years to come."

"We are excited about adding Signicast to our portfolio of companies," said Richard Griffin, group vice president of The Pritzker Group. "We share the same belief with Signicast's management team that the formula of success is not only to provide quality castings and exceptional service for its customers but also a rewarding work environment for its employees."

Griffin said The Pritzker Group will bring investment and operating expertise and experience from a wide range of industries to Signicast.

Located in Hartford and Milwaukee, Signicast employs 650 in its five investment casting facilities and one machining and secondary operations facility. It produces parts in low alloy, carbon, stainless and nickel-base steels for more than 300 customers.