Dynacast Acquisition Completed

CHARLOTTE, N.C., July 20, 2011 /PRNewswire/ -- Dynacast International Inc. (Dynacast) announced the completion of the acquisition of the Dynacast business from Melrose PLC.  The company's acquirers are affiliates of Kenner & Company, Inc., a New York-based investment firm, together with Izurium Capital Management and a number of other institutional investors.

The completion of this acquisition puts Dynacast in a strong position for growth, backed by significant investor support and ample capital.  Dynacast will continue to operate as an independent company led by its existing management team.  

"On behalf of the executive team and the 3,000 employees of Dynacast worldwide, we are delighted at the prospect of working with Kenner & Company and the other investors," said Simon J. Newman, CEO. "We believe that we have significant growth opportunities ahead of us and we are excited and confident that we will execute these opportunities over the next few years."

Jeffrey L. Kenner, President of Kenner & Company, Inc. said he was pleased to complete the transaction and praised management for their enthusiastic support and business discipline.  

"We look forward to working together with Dynacast management to accomplish their growth objectives," said Kenner.  

Financing for the transaction was provided by JP Morgan, Macquarie Capital, GE Capital, and Bank of Montreal.

About Dynacast

Dynacast is a global manufacturer of small engineered die cast components. We serve customers in automotive safety and electronics, consumer electronics, healthcare, hardware, computers and peripherals and many other industries.

Our extensive engineering expertise and use of specialized manufacturing technologies enable us to design and manufacture customized, small, high precision components with complex geometries in a cost effective manner.

With Global Headquarters in Charlotte, NC, Dynacast operates 20 manufacturing facilities in 16 countries around the world. Please visit www.dynacast.com to learn more.

Contact:

For Dynacast - Suzi McNicholas, 704-927-2785 or [email protected]

SOURCE Dynacast, Inc.

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED