TRM Equity Acquires All Assets of Elyria Foundry and Hodge Foundry
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ELYRIA, Ohio, Feb. 2, 2021 /PRNewswire/ TRM Equity announces the acquisition of Elyria Foundry, based in Elyria, Ohio. The transaction was completed on January 25, 2021.
Elyria Foundry, specializes in ductile iron castings up to 200,000 pounds serving a broad set of markets including defense, oil and gas, construction equipment and mining. Elyria Foundry has operated since the early 1900 s and has developed a strong technical and metallurgical team that drives its success.
Jeffrey Stone, Managing Director for TRM Equity, commented: The foundry industry has been under considerable pressure over the last few decades, and we have focused on the companies with unique positions and capabilities in their space. Elyria Foundry has range to produce very large castings and the depth of technical talent to solve problems for its customers. We look forward to pa