Lawton welcomes Penn-Mar to iron foundry group
AFS Corporate Member The C.A. Lawton Co. (DePere, Wisconsin) has acquired Penn-Mar, a gray-and-ductile iron foundry in Hanover, Pennsylvania.
Penn-Mar manufactures multicored, gray and ductile iron castings ranging from 150 to 5,000 lbs. Using an air-set, nobake molding process, it serves the refrigeration/air conditioning, pump/compressor, and motor/generator industries.
“The addition of Penn-Mar Castings to our platform and especially the Iron Group creates a truly next-level offering,” said Alex Lawton, CEO of the now five-site specialty metals platform. “The combination with The C.A. Lawton Co. and its De Pere, Wisconsin, and Minster, Ohio, operations provides a combination of scope and reliability that will be valued by many.”
Announced by Oakland Standard Co., the deal enhances the private equity firm’s iron foundry group.
“I’m very excited to see our specialty metals group continue to build a uniquely integrated multisite, multi-offering company,” said Dan Bickersteth, a co-founder and managing director of Oakland Standard Co. “Alex Lawton and his leadership team, especially Barry Adamski as COO and Tim Flannery as CFO, will do a great job onboarding Penn-Mar Castings.”