CUDAHY, Wis., Nov. 21 /PRNewswire-FirstCall/ -- Ladish Co., Inc.
(http://www.ladishco.com) announced today it has acquired the Polish forging
company HSW-Zaklad Kuznia Matrycowa ("ZKM"). Located in Stalowa Wola, Poland,
ZKM is a well-established industrial forging concern with annual revenues in
the range of $35-$40 million. Ladish financed the $11.3 million purchase with
cash on hand and its existing credit facility.
Commenting on the acquisition, Kerry L. Woody, President & CEO of Ladish,
said, "The acquisition of ZKM will enhance Ladish's product offering in the
forging portion of our business while expanding our market reach in the
international arena. ZKM satisfies three of our acquisition criteria, first
by being an established manufacturer with an existing customer base, second by
possessing excellent manufacturing capabilities and equipment, and third by
having the ability to expand into the aerospace sector and grow with Ladish's
technical assistance. We have every confidence the combination of Ladish
technology and market presence with ZKM's production efficiencies will
contribute to improved top line and bottom line results for Ladish. ZKM
brings immediate and long-term opportunities to Ladish."
Mr. Woody observed, "Encouraged by the upsurge in demand from the
aerospace and industrial sectors, we are responding to our customers' needs
with the purchase of ZKM. As our markets continue to expand, we are committed
to keeping pace through further strategic additions like ZKM."
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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Related links:
http://www.ladishco.com
CONTACT:
Wayne E. Larsen of Ladish Co., Inc.,
+1-414-747-2935, Fax: +1-414-747-2890; or William J. Libby of
Libby Communications for Ladish Co., Inc., +1-203-431-8480, Fax:
+1-203-431-6132
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