Dynacast International, Charlotte, N.C., has signed a definitive share purchase agreement to acquire Signicast LLC, a highly automated and vertically integrated manufacturer of precision investment cast parts. The company is the largest commercial investment casting manufacturer in the world, and is respected for its superior product quality and value, speed and flexibility, and customer services.
Combining the companies’ offerings will provide customers even more design freedom, with expanded choices of materials, part complexity, and volume. As part of the merger, Signicast will remain as a separate operating division, ensuring business as usual for customers.
“Given Signicast’s complementary manufacturing technology, this acquisition will expand our existing customer offerings and accelerate our strategic vision for growth,” says Simon Newman, Dynacast’s Chairman and Chief Executive Officer. “I look forward to working closely with the Signicast team to ensure that the combined company continues to provide our customers with unparalleled technology, quality, and service.”
Once the transaction is closed, the acquisition is expected to add over 800 employees from Signicast’s two campuses in Wisconsin. This addition will expand Dynacast’s footprint to more than 9500 employees in 27 locations. The merger will allow Dynacast to continue growing both businesses, with intentions to globalize the Signicast division in the coming years.
This transformative acquisition is the next step of Dynacast’s strategic vision toward becoming a $1 billion-plus organization over the next two to three years, and furthers Dynacast’s position as the foremost global manufacturer of precision metal components.
