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Charter Manufacturing has acquired Aarrowcast, Inc., a Shawano, Wis.-based privately held company and a manufacturer of high-quality gray and ductile iron castings.
¡°As a growth company, we continually evaluate opportunities to enhance our business,¡± said John W. Mellowes, CEO of Charter Manufacturing. ¡°This acquisition expands our metals manufacturing offerings and will increase diversification of both our customer base and end markets.¡±
Aarrowcast is a premier green sand foundry, offering a broad range of complex iron casting solutions to leading OEMs and Tier 1 supplier customers across a broad set of industries, including agricultural equipment, compressors/ hydraulics, defense contractors, construction and mining, heavy-duty off-road vehicles and more. The company produces an estimated 85 million pounds of castings annually to more than 100 different customers in various industrial sectors.
¡°Becoming part of Charter Manufacturing is a good strategic and cultural fit for Aarrowcast,¡± said Randy Brull, President and CEO of Aarrowcast. ¡°Both companies are passionate about metals manufacturing and are committed to customer service, product innovation and growth. We are excited about working together and what the next chapter will bring.¡±
Aarrowcast will operate as Charter Aarrowcast, joining Charter¡¯s existing family of leading metals manufacturing businesses ¨C Charter Automotive, Charter Dura-Bar, Charter Steel and Charter Wire. Brull will continue to lead the Aarrowcast business.
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