SCHILLER PARK, Ill., Jan. 17, 2017 /PRNewswire/ -- Speyside Equity Fund I LP announces the acquisition of Midland Stamping and Fabricating Corporation ("Midland") from Advanced Alloy Processing. The transaction was completed on 01/13/2017.
Midland is a full-service provider of contract metal stampings and fabrications to major tier one manufacturers in automotive, appliance, industrial, trailer, and cookware industries. Midland's products include complex and engineered stampings and fabrications as well as a series of highly specialized products, including polished cookware lids and trash and linen chutes. Midland has extensive manufacturing capabilities, including stamping presses, plasma cutting, laser cutting, turret presses, punch press, 3-axis vertical machining center, drill press, automated polishing and welding equipment.
About Speyside Equity
Formed in 2005, Speyside Equity employs an operationally intensive approach to investing in specialty chemicals, industrials/metal forming and food ingredients businesses. It targets companies with a history of strong revenue, a defensible position in their respective markets, and a core group of managers that can move the business forward. Speyside prefers situations where there are opportunities to leverage its operating expertise to improve financial performance and create sustainable long-term value.
Since its formation, Speyside has successfully executed numerous platform investments and add-on acquisitions using its own capital. This principal-driven investment philosophy and approach will continue in its $130 million institutional fund closed in January 2016.
Speyside Equity Fund I LP
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SOURCE Speyside Equity