Speyside purchases Weatherly, Hazleton companies

Speyside Foundry Holdings (Ann Arbor, Michigan), a portfolio company of Speyside Equity Fund I LP, announced the acquisition of AFS Corporate Member Weatherly Casting and Machine Company (Weatherly, Pennsylvania) and Hazleton Casting Company (Hazleton, Pennsylvania).

Both transactions were completed June 12.

Weatherly Casting and Machine Company, a sister company to Hazleton Casting Company, is an iron and iron alloy foundry, providing machining services and other value-add services such as laboratory and non-destructive testing. Hazleton Casting Company is a steel foundry specializing in alloy steel casting. The Hazleton facility has operated continuously since the early 1900s.

“Hazleton and Weatherly offer a fuller suite of solutions, both alloys and capabilities, for our existing portfolio foundries Sawbrook and Ashland," Speyside managing director Jeffrey Stone said. "As the industry has been consolidating in North America over the past several decades, we strive to provide our customers with high quality, dependable and sustainable long-term partnerships.”