CHICAGO, March 2, 2018 /PRNewswire/ -- Chicago-based Union Partners announced that it has acquired Lamination Specialties Corporation (LSC), one of the largest manufacturers of electrical steel laminations in North America. Operating out of three locations throughout the greater Chicagoland area, the company distributes products throughout North America and overseas. In addition to its lamination capabilities, the company also operates a full-service electrical steel service center with value-added capabilities. As the company transitions to new ownership, there will be no disruption of services.
Union Partners looks forward to supporting future growth and improvements as Lamination Specialties joins the Union Partners' family, which includes Mapes & Sprowl, Cortran, Lee Steel, Berg Steel, Chicago Steel, JIT Steel Service, JIT Steel Transport and Opus Metals. Union Partners also supplies the electrical steel and lamination markets through Mapes & Sprowl and Cortran and is excited to further increase its commitment to servicing customer needs with the acquisition. The transaction includes 300,000 square feet of prime manufacturing space with state-of-the-art facilities, including over 40 high-speed stamping presses; four continuous roller-hearth annealing furnaces; precision slitting, cut-to-length and blanking equipment; and value-added offerings, including MITRE cores, distributed gap (DG) cores, and robotic welding capabilities.
Lamination Specialties supplies high quality electrical steel laminations for a variety of applications in hundreds of shapes and sizes, as well as processed silicon electrical steel and cold rolled low carbon electrical steel. With over 60 years of experience in the industry, Lamination Specialties has a large, diversified, blue-chip customer base across a variety of industries, including transformers, electric vehicles, motors, high-efficiency systems, robotics and automation. Union Partners' co-founder, Chris Hutter, reiterated the company's commitment to and expansion of this customer base, "We are excited to further our reach in the electrical steel and lamination markets. Lamination Specialties offers an expertise earned through a rich history in the industry, and our combined offerings and talents will benefit customers everywhere."
Paul Douglass, co-founder, added, "Union Partners is committed to the growth and success of the domestic steel industry, as well as all the individual customers we service across the entire Union Partners' family. Lamination Specialties is a welcome addition to our electrical steel platform."
About Union Partners
Chicago based Union Partners I LLC is a hands-on, full-service metals and logistics company with integrated facilities located throughout the United States providing steel service centers and distribution, metals processing and logistics services. Founded by families with multi-generational experience in steel, real estate, and logistics, the company prides itself on combining the integrity of family-owned businesses with the innovation of entrepreneurial ventures. Union Partners provides the strategic vision, capital and operational experience to ensure all its stakeholders are positioned for success.
SOURCE Union Partners LLC