CUDAHY, Wis., Feb. 6 /PRNewswire-FirstCall/ -- Ladish Co., Inc.
(http://www.ladishco.com) announced today that it has completed the
acquisition of Valley Machining, Inc. ("Valley"). Located near La Crosse,
Wisconsin, Valley is a longstanding proven supplier of precision machined
components to Ladish and other aerospace material companies. Ladish financed
the purchase with cash on hand.
"We are pleased to close on the purchase of Valley," commented Ladish
President and CEO Kerry L. Woody. "This strategic acquisition provides Ladish
with a resource which will provide key precision machining capacity to serve
our customers growing demands for capacity."
Mr. Woody observed, "The accretive nature of this transaction will benefit
Ladish stockholders, as Ladish's other constituents gain from another addition
to the Ladish family of metalworking companies."
Ladish Co., Inc. is a leading producer of highly engineered, technically
advanced components for the jet engine, aerospace and general industrial
markets. Ladish is headquartered in Cudahy, Wisconsin with operations in
Wisconsin, Oregon, Connecticut and Poland. Ladish common stock trades on
Nasdaq under the symbol LDSH.
SOURCE Ladish Co., Inc.
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CONTACT:
Wayne E. Larsen, Ladish Co., Inc.,
+1-414-747-2935, or Fax, +1-414-747-2890; or William J. Libby,
Libby Communications, +1-203-431-8480, or Fax, +1-203-431-6132
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