The Lawton Standard Co. adds AMSCO

AFS Corporate Member The Lawton Standard Co. has added AMSCO Wear Products, Inc., located in Wilmington, Delaware, to its family. AMSCO has been providing cost-effective, wear-resistant steel since 1915. AMSCO’s products include wear parts for steel recycling, mining, and waste-to-energy industries.

“What impresses us about AMSCO is their customers’ loyalty,” said Alex Lawton, CEO of Lawton Standard. “Armond and Sharon are well known and respected in their fields. I know this will be a good fit because they embody many of the same values that we do in the Lawton family.”       

Sharon Morris, CFO of AMSCO, added, “Having been with AMSCO for 20 years, I appreciate the relationships we’ve fostered. Lawton brings a proven commitment to the industry; the CEO comes from a fifth-generation foundry business in operation for over 140 years. Their reputation, like ours, is well known for both quality and customer service. Day-to-day operations at AMSCO will remain the same.”

Armond Groves, technical and engineering manager at AMSCO, said, “I am excited about the opportunities that joining Lawton Standard opens up for AMSCO and our customers. I look forward to expanding our customer base while continuing to provide innovative solutions and the best customer service. The like-mindedness of our companies makes us a perfect fit for each other.”

The AMSCO acquisition was facilitated by a recent private equity investment in Lawton Standard from NewSpring and its dedicated private credit strategy, NewSpring Mezzanine. Wells Fargo supported the investment with senior debt financing, and Oakland Standard served as an independent sponsor. 

“With a significant foothold in a growing number of markets, Lawton Standard is well positioned to continue its rapid growth through acquisitions and product expansion,” said New-Spring General Partner Greg Barger. “Lawton is run by the type of highly experienced, operationally focused leadership team we seek to partner with, and we look forward to working with them to elevate how best to take this business to new heights as casting services remain a critical aspect of the U.S. manufacturing industry.”