Wisconsin-based Madison-Kipp Corp., a supplier of high pressure die cast aluminum parts, has acquired the assets of a Richmond die cast facility. While financial details of the deal were not disclosed, the company says the acquisition expands its geographic footprint and allows it to better serve its customers.
Madison-Kipp Corp. says the transaction is part of a program to enhance the company’s manufacturing capabilities. Combined with the recent addition of engineering and manufacturing leaders, MKC will now have the capacity to remain a reliable supplier of complex parts to new and current customers.
“We are excited to add the Richmond facility, which allows us to expand our die cast tonnage range, machining and assembly capacity at Madison-Kipp,” Tim Kaderabek, president of Madison-Kipp Corp. stated. “We have the personnel, technical competence, financial resources and production capacity to remain as a best-in-class supplier to our customers.”
MKC says the addition also provides the opportunity for supply chain optimization for some customers.