Private equity firm, Oakland Standard Company, announced Damascus Steel Casting Company has joined Temperform and The C.A. Lawton Co. in its specialty metals platform.
Damascus Steel, founded in 1906, supplies high-performance steel castings to a variety of industries. The company proves low to medium volume shell mold castings from concept to finished product, which “aligns with the engineered castings approach of the platform,” according to a press release.
Founded in 1879 in De Pere, Wisconsin, Lawton is a leading manufacturer of gray-and ductile-iron castings serving the HVAC, mining, water, and paper industries, among others. Lawton produces castings ranging in size from 400 to 20,000 lbs. and provides an end-to-end casting solution, from design and engineering through finishing and machining.
Temperform is a Novi, Michigan-based niche manufacturer of heat, corrosion, and abrasion-resistant castings and machined components for use in a variety of industrial applications. It produces castings from 1 to 6,000 lbs. in more than 400 alloys.
Alex Lawton, previously CEO of The C.A. Lawton Co. and now CEO of the new business platform, will lead the integration of the businesses and management teams.
“We are excited about the growth and diversification of the foundry platform and the talented team that we have been able to bring together,” said Oakland Standard Partner Dan Bickersteth. “We believe the addition of Damascus will help us continue to increase market share and provide our partners with a one-stop, full line of castings solutions.”