Spell Capital Partners Sells Vestal Manufacturing
December 16, 2020
Spell Capital Partners (the Spell Family Office) announced the sale of portfolio company Vestal Manufacturing, a producer of foundry cast iron and steel fabricated components serving municipalities, OEMs and the home building/hearth industries. Spell acquired Vestal as a platform in 2015 and, during its ownership, grew revenues, improved profitability and expanded product offerings; the buyer was not disclosed in the announcement.
- Targets
- Vestal Manufacturing
- Sellers
- Spell Family Office, Spell Capital Partners
- Industry
- Manufacturing
- Location
- United States
- Transaction Type
- Divestiture
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