Omni-Lite Industries Acquires Designed Precision Castings Inc.
December 20, 2021
Omni-Lite Industries Canada, Inc. acquired Brampton-based Designed Precision Castings Inc. (DP Cast) in a share-and-cash transaction valued at approximately US$5.7 million. The acquisition (100% of DP Cast) expands Omni-Lite's manufacturing capabilities into investment castings for aerospace, defense and industrial end markets and is accompanied by a sale-leaseback of Omni-Lite's California real estate and a related private placement by an affiliate of DP Cast.
- Buyers
- Omni-Lite Industries Canada, Inc.
- Targets
- Designed Precision Castings Inc.
- Sellers
- Designed Precision Castings shareholders (vendors)
- Industry
- Manufacturing
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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