ROSEMONT, Ill.–(BUSINESS WIRE)–Astro Shapes, LLC (“Astro Shapes”), a leading manufacturer of custom aluminum extrusions and a Wynnchurch Capital, L.P. (“Wynnchurch”) portfolio company, today announced the acquisition of Star Extruded Shapes, LLC and Star Fab, LLC (collectively, “Star” or the “Company”).
Founded in 1983 and headquartered in Canfield, Ohio, Star is a manufacturer of aluminum extrusions with value-added capabilities in fabrication and powder coating. Star serves diverse end markets and has longstanding relationships with its top customers.
Steve DeVoe, CEO of Astro Shapes, said, “Star’s extrusion and value-added capabilities, commitment to its customers, and strong reputation make it an excellent fit for Astro Shapes. We welcome the Star team and look forward to leveraging Star’s industry expertise and unique manufacturing capabilities, which will allow us to become a one-stop-shop solution for our customers’ needs.”
“We are thrilled to partner with Astro Shapes,” said Ken George, Founder and President of Star. “Star has a long tradition of providing high quality, custom solutions for its customers. We’re excited to utilize the resources offered by the Astro Shapes platform to accelerate customer expansion and grow our world-class product offering.”
KeyBanc Capital Markets acted as financial advisor and Paul Hastings LLP served as legal advisor to Astro Shapes.
About Astro Shapes:
Founded in 1971 and headquartered in Struthers, Ohio, Astro Shapes is a leading manufacturer of custom aluminum extrusions serving customers throughout the Midwest and Northeast United States. Astro Shapes’ products are critical inputs with applications in residential and commercial building products, recreational vehicles, and other general industrial end markets. For more information, please visit: www.astroshapes.com.
About Wynnchurch Capital:
Wynnchurch Capital, L.P., headquartered in the Chicago suburb of Rosemont, Illinois, with an affiliate in Canada, was founded in 1999 and is a leading middle-market private equity investment firm. Wynnchurch’s strategy is to partner with middle market companies in the United States and Canada that possess the potential for substantial growth and profit improvement. Wynnchurch manages a number of private equity funds with $8.6 billion of regulatory assets under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs, and restructurings. Recently, Wynnchurch acquired Astro Shapes, a leading manufacturer of custom aluminum extrusions. Other recent investments include: Principal Industries, a leading provider of LED components and engineered assemblies; ORS Nasco, North America’s largest pure wholesaler of industrial MRO supplies; and Hydraulic Technologies, a market leader in high-pressure hydraulic tools. For more information, please visit: http://www.wynnchurch.com or follow us on LinkedIn.
Contacts
For new investment opportunities, please contact:
Mike Teplitsky
Partner
[email protected]
Scott Fitch
Partner
[email protected]
