An Affiliate of Sun Capital Partners, Inc. Acquires Scott Brass, Inc.Scott Brass is a Leading U.S. Producer of High-Quality Brass and Copper Strip Products for Multi-Industry Uses BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla. -- Sun Capital Partners, Inc. ("Sun Capital"), a leading private investment firm specializing in leveraged buyouts and investments in market-leading companies, today announced that one of its affiliates has acquired Scott Brass, Inc. ("Scott Brass"). Headquartered in Cranston, Rhode Island Cranston, once known as Pawtuxet, is a city in Providence County, Rhode Island, United States. With a population of 79,269 as of the 2000 census, it is the third largest city in the state. The center of population of Rhode Island is located in Cranston [2]. , Scott Brass is a fully-integrated mill producing high-quality brass and copper strip for electronic and automotive connectors, fastener, hardware, electrical, plumbing, cosmetic, decorative, and consumer products manufacturers throughout the world. With plant locations in Rhode Island Rhode Island, island, United States Rhode Island, island, 15 mi (24 km) long and 5 mi (8 km) wide, S R.I., at the entrance to Narragansett Bay. It is the largest island in the state, with steep cliffs and excellent beaches. and Mishawaka, Indiana Mishawaka (IPA: [ˈmɪʃ.ʌ.ˌwɒ.kʌ]) is a city on the St. Joseph river and a twin city of South Bend in St. Joseph County, Indiana, United States. The population was 46,557 at the 2000 census. , Scott Brass is a highly productive, responsive resource for customers throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , with shipment capability 24 hours a day, seven days a week. Terms of the acquisition were not disclosed. Barry Golden, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Scott Brass, Inc., said, "This transaction is a watershed event in the development and growth of Scott Brass from the stewardship of the Golden family, which founded the Company in 1956, to new corporate ownership. We are confident that the deep operating experience in metals fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. and production of Sun Capital and its affiliates will be instrumental in supporting our management team in strengthening Scott Brass' value proposition and reputation for superlative service, a level of service which is hard to match." M. Steven Liff, Managing Director, Sun Capital Partners, Inc., added, "Scott Brass is poised to capitalize on the improvements implemented by its management team and with appropriate capital, the Company can realize substantial growth and profit enhancement. We look forward to working with Barry Golden, Scott Brass' management team, and its employees." About Sun Capital Partners, Inc. Sun Capital Partners, Inc. is a leading private investment firm focused on leveraged buyouts, equity, debt, and other investments in market-leading companies that can benefit from its in-house operating professionals and experience. Sun Capital affiliates have invested in and managed more than 140 companies worldwide with combined sales in excess of $33.0 billion since Sun Capital's inception in 1995. Sun Capital has offices in Boca Raton, Los Angeles, and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , as well as affiliates with offices in London, Tokyo, and Shenzhen. For more information, please visit www.SunCapPart.com. |
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