CUDAHY, Wis., Dec. 15 /PRNewswire/ -- Ladish Co., Inc. (Nasdaq: LDSH)
(http://www.ladishco.com) reports that it has reached an agreement to acquire
Wyman-Gordon Titanium Castings, LLC (the "Company") from Wyman-Gordon Company.
The Company is an investment casting business located in Albany, Oregon. With
approximately 225 employees, the Company is a major supplier of precision,
titanium components to both the domestic and the international aerospace
markets.
Ladish President & CEO, Kerry Woody, states, "We are pleased to add the
Company to the Ladish family of businesses. Led by a strong management team,
the Company has an excellent reputation in the aerospace industry. Their
products form a complementary and strategic chain with Ladish's forgings and
Stowe Machine's precision machining capabilities. The combination of a
leading forger, an investment caster of titanium and a finished machining
source provides Ladish with an opportunity to expand its product and service
offering to the world's aerospace industry."
Mr. Woody also noted that the acquisition of the Company will provide
significant sales growth to Ladish and, through its synergies with current
Ladish structure and operations, the acquisition will be accretive to Ladish's
future earnings. Ladish expects to complete the transaction immediately after
the Federal Trade Commission's approval of the acquisition.
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 and Connecticut. Ladish common stock trades on Nasdaq under the
symbol LDSH.
This release includes forward-looking statements that are made pursuant to
the safe harbor provisions of the Securities Litigation Reform Act of 1995.
Such forward-looking statements are subject to certain risks and uncertainties
that could cause actual results to differ materially from those projected in
them. These risks and uncertainties include, but are not limited to,
anticipated slowdowns in the company's major markets, the impact of
competition, the effectiveness of operational changes expected to increase
efficiency and productivity, worldwide economic and political conditions and
the effect of foreign currency fluctuations.
SOURCE Ladish Co., Inc.
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Related links:
http://www.ladishco.com
Company News On-Call:
http://www.prnewswire.com/comp/131444.html or fax,
800-758-5804, ext. 131444
CONTACT:
Wayne E. Larsen of Ladish Co., Inc.,
414-747-2935, fax, 414-747-2890; or William J. Libby of Libby
Associates, 203-431-8480, fax, 203-431-6132, for Ladish Co., Inc.
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