TRM Equity Acquires Elyria Foundry and Hodge Foundry
January 25, 2021
TRM Equity has acquired the assets of Elyria Foundry and Hodge Foundry in Elyria, Ohio, with the transaction completed on January 25, 2021. The foundries produce large ductile iron castings (up to 200,000 pounds) serving defense, oil & gas, construction equipment and mining markets; TRM intends to partner with management to stabilize operations and leverage the facilities' technical capabilities.
- Buyers
- TRM Equity
- Targets
- Elyria Foundry, Hodge Foundry
- Industry
- Manufacturing
- Location
- Ohio, United States
- Transaction Type
- Buyout
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